Wall Street brokerages forecast that Brixmor Property Group Inc. (NYSE: BRX – Get Rating) will report sales of $ 293.77 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Brixmor Property Group’s earnings, with the highest sales estimate coming in at $ 299.48 million and the lowest estimate coming in at $ 285.71 million. Brixmor Property Group posted sales of $ 287.02 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The company is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Brixmor Property Group will report full-year sales of $ 1.19 billion for the current fiscal year, with estimates ranging from $ 1.17 billion to $ 1.21 billion. For the next fiscal year, analysts anticipate that the company will report sales of $ 1.25 billion, with estimates ranging from $ 1.22 billion to $ 1.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that provide coverage for Brixmor Property Group.
Brixmor Property Group (NYSE: BRX – Get Rating) last released its earnings results on Monday, May 2nd. The real estate investment trust reported $ 0.26 EPS for the quarter, beating the consensus estimate of $ 0.20 by $ 0.06. Brixmor Property Group had a net margin of 25.39% and a return on equity of 10.92%. During the same quarter in the previous year, the company posted $ 0.44 earnings per share.
A number of equities analysts have recently issued reports on BRX shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Brixmor Property Group from $ 27.00 to $ 28.00 and gave the company a “hold” rating in a research note on Thursday, March 31st. StockNews.com started coverage on shares of Brixmor Property Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company increased their price objective on shares of Brixmor Property Group from $ 24.00 to $ 26.00 and gave the company an “equal weight” rating in a research note on Thursday, April 7th. The Street upgraded shares of Brixmor Property Group from a “c” rating to a “b-” rating in a research note on Tuesday, February 8th. Finally, Zacks Investment Research cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $ 27.46.
In other Brixmor Property Group news, insider Brian T. Finnegan sold 5,000 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $ 25.84, for a total transaction of $ 129,200.00. Following the sale, the insider now owns 150,682 shares of the company’s stock, valued at approximately $ 3,893,622.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James M. Taylor, Jr. sold 20,000 shares of the stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $ 26.50, for a total transaction of $ 530,000.00. Following the sale, the chief executive officer now directly owns 506,661 shares in the company, valued at approximately $ 13,426,516.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,000 shares of company stock worth $ 1,304,900. Insiders own 0.64% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of BRX. Morgan Stanley boosted its stake in shares of Brixmor Property Group by 0.6% in the 2nd quarter. Morgan Stanley now owns 3,641,347 shares of the real estate investment trust’s stock valued at $ 83,351,000 after purchasing an additional 20,474 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in Brixmor Property Group by 43.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 13,293 shares of the real estate investment trust’s stock worth $ 297,000 after acquiring an additional 4,011 shares during the last quarter. Truist Financial Corp. boosted its stake in Brixmor Property Group by 7.3% during the 3rd quarter. Truist Financial Corp now owns 53,454 shares of the real estate investment trust’s stock worth $ 1,182,000 after acquiring an additional 3,634 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Brixmor Property Group during the 3rd quarter worth approximately $ 216,000. Finally, Barclays PLC boosted its stake in Brixmor Property Group by 3.8% during the 3rd quarter. Barclays PLC now owns 705,312 shares of the real estate investment trust’s stock worth $ 15,596,000 after acquiring an additional 25,696 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.
Shares of BRX stock opened at $ 23.71 on Monday. Brixmor Property Group has a 52-week low of $ 21.01 and a 52-week high of $ 27.19. The stock has a market cap of $ 7.10 billion, a price-to-earnings ratio of 24.19, a P / E / G ratio of 1.66 and a beta of 1.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a fifty-day moving average of $ 25.23 and a 200-day moving average of $ 24.94.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, July 5th will be issued a dividend of $ 0.24 per share. This represents a $ 0.96 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Friday, July 1st. Brixmor Property Group’s dividend payout ratio is currently 97.96%.
Brixmor Property Group Company Profile (Get Rating)
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers.
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