Brixmor Property Group Inc. (NYSE:BRX) is scheduled to issue its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $325.80 million during the quarter, compared to analysts’ expectations of $317.02 million. Brixmor Property Group had a net margin of 22.43% and a return on equity of 9.85%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. On average, analysts expect Brixmor Property Group to post $0.88 EPS for the current fiscal year and $0.91 EPS for the next fiscal year.
Shares of Brixmor Property Group Inc. (NYSE:BRX) opened at 19.50 on Friday. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14. The firm has a market cap of $5.95 billion, a PE ratio of 20.74 and a beta of 0.50. The firm has a 50-day moving average of $18.52 and a 200-day moving average of $20.84.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Thursday, July 6th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Monday, July 3rd. Brixmor Property Group’s dividend payout ratio is 110.64%.
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A number of research firms have issued reports on BRX. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Barclays PLC cut their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 16th. Citigroup Inc. cut their price objective on shares of Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a report on Monday, June 19th. Finally, BidaskClub raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Brixmor Property Group has an average rating of “Hold” and a consensus price target of $26.30.
In other Brixmor Property Group news, insider James M. Taylor, Jr. acquired 14,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were acquired at an average cost of $18.60 per share, with a total value of $260,400.00. Following the completion of the acquisition, the insider now directly owns 203,893 shares in the company, valued at $3,792,409.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Horgan acquired 2,700 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were acquired at an average cost of $18.75 per share, for a total transaction of $50,625.00. Following the completion of the acquisition, the executive vice president now owns 53,703 shares of the company’s stock, valued at $1,006,931.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 33,000 shares of company stock worth $616,856. Insiders own 0.27% of the company’s stock.
About Brixmor Property Group
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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