Brixmor Property Group Inc (BRX) Expected to Post Earnings of $0.50 Per Share

Equities analysts predict that Brixmor Property Group Inc (NYSE:BRX) will post earnings per share of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Brixmor Property Group’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.51. Brixmor Property Group reported earnings per share of $0.53 in the same quarter last year, which indicates a negative year-over-year growth rate of 5.7%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, July 30th.

According to Zacks, analysts expect that Brixmor Property Group will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.02. For the next fiscal year, analysts forecast that the business will post earnings of $2.04 per share, with EPS estimates ranging from $1.97 to $2.09. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.31). Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The firm had revenue of $317.17 million for the quarter, compared to the consensus estimate of $315.84 million. During the same period in the prior year, the business earned $0.53 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis.



A number of research analysts have commented on BRX shares. ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays reduced their target price on Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Sandler O’Neill set a $18.00 target price on Brixmor Property Group and gave the stock a “buy” rating in a report on Thursday, February 15th. Mizuho upgraded Brixmor Property Group from a “neutral” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus dropped their price target on Brixmor Property Group from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Brixmor Property Group presently has an average rating of “Hold” and a consensus target price of $18.32.

Brixmor Property Group opened at $15.22 on Thursday, Marketbeat.com reports. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.67 and a current ratio of 0.67. Brixmor Property Group has a 52 week low of $13.74 and a 52 week high of $20.59. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 1.90 and a beta of 0.39.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, July 6th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Thursday, July 5th. Brixmor Property Group’s dividend payout ratio is currently 52.63%.

In other Brixmor Property Group news, CEO James M. Taylor, Jr. bought 11,500 shares of the stock in a transaction that occurred on Friday, May 4th. The shares were purchased at an average cost of $14.65 per share, for a total transaction of $168,475.00. Following the transaction, the chief executive officer now directly owns 228,384 shares in the company, valued at $3,345,825.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Schreiber bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 9th. The stock was acquired at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $366,000. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 29,750 shares of company stock worth $443,140. 0.27% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB increased its position in Brixmor Property Group by 6.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 52,631 shares of the real estate investment trust’s stock valued at $982,000 after acquiring an additional 3,348 shares during the period. Amalgamated Bank increased its position in Brixmor Property Group by 6.3% in the 4th quarter. Amalgamated Bank now owns 58,608 shares of the real estate investment trust’s stock valued at $1,094,000 after acquiring an additional 3,474 shares during the period. Copeland Capital Management LLC increased its position in shares of Brixmor Property Group by 1.8% during the 4th quarter. Copeland Capital Management LLC now owns 213,187 shares of the real estate investment trust’s stock valued at $3,978,000 after purchasing an additional 3,861 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Brixmor Property Group by 5.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,820 shares of the real estate investment trust’s stock valued at $1,324,000 after purchasing an additional 4,139 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of Brixmor Property Group by 53.2% during the 4th quarter. Meeder Asset Management Inc. now owns 12,172 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 4,225 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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 82 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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Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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