Brixmor Property Group (NYSE:BRX) is set to announce its earnings results after the market closes on Monday, April 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.27). The firm had revenue of $320.06 million during the quarter, compared to analyst estimates of $312.97 million. Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. Brixmor Property Group’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. On average, analysts expect Brixmor Property Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:BRX opened at $14.09 on Monday. The stock has a market capitalization of $4,293.28, a price-to-earnings ratio of 6.74, a PEG ratio of 1.75 and a beta of 0.39. Brixmor Property Group has a 12 month low of $13.74 and a 12 month high of $21.89. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.95.
In related news, EVP Mark Horgan bought 4,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of $14.94 per share, with a total value of $67,230.00. Following the completion of the purchase, the executive vice president now owns 62,769 shares in the company, valued at approximately $937,768.86. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James M. Taylor, Jr. bought 7,500 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was bought at an average cost of $15.55 per share, with a total value of $116,625.00. Following the completion of the purchase, the chief executive officer now owns 216,884 shares of the company’s stock, valued at approximately $3,372,546.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 12,750 shares of company stock valued at $195,495. Insiders own 0.27% of the company’s stock.
A number of equities analysts have commented on BRX shares. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup upgraded shares of Brixmor Property Group to an “overweight” rating and boosted their price target for the company from $19.00 to $21.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group upgraded shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. SunTrust Banks set a $19.00 price target on shares of Brixmor Property Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Barclays reduced their price target on shares of Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.40.
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About Brixmor Property Group
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 83 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.
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