Wall Street brokerages expect that Brixmor Property Group Inc. (NYSE:BRX) will report $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Brixmor Property Group’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.52. Brixmor Property Group reported earnings per share of $0.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 64.5%. The business is scheduled to announce its next earnings results on Monday, February 12th.
On average, analysts expect that Brixmor Property Group will report full-year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.07 to $2.09. For the next financial year, analysts anticipate that the business will post earnings of $2.08 per share, with EPS estimates ranging from $1.98 to $2.18. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The firm had revenue of $314.50 million during the quarter, compared to analyst estimates of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. Brixmor Property Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share.
In related news, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the transaction, the executive vice president now owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. AXA lifted its holdings in shares of Brixmor Property Group by 67.9% during the 3rd quarter. AXA now owns 331,484 shares of the real estate investment trust’s stock valued at $6,232,000 after purchasing an additional 134,041 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Brixmor Property Group by 18.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 496,695 shares of the real estate investment trust’s stock valued at $9,338,000 after purchasing an additional 77,063 shares in the last quarter. Davis Selected Advisers bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at about $2,874,000. IFM Investors Pty Ltd bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at about $197,000. Finally, Sterling Capital Management LLC bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at about $717,000. Institutional investors own 98.57% of the company’s stock.
Shares of Brixmor Property Group (NYSE:BRX) traded up $0.26 during mid-day trading on Monday, reaching $17.82. The company had a trading volume of 3,811,184 shares, compared to its average volume of 2,853,492. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $5,525.46, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 1.95 and a beta of 0.52. Brixmor Property Group has a 1 year low of $17.23 and a 1 year high of $25.34.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be given a dividend of $0.275 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s payout ratio is presently 98.11%.
Brixmor Property Group declared that its board has initiated a stock buyback program on Tuesday, December 5th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
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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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