Zacks: Analysts Expect Brixmor Property Group Inc. (BRX) to Post $0.51 Earnings Per Share

Brokerages expect Brixmor Property Group Inc. (NYSE:BRX) to announce earnings of $0.51 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Brixmor Property Group’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.50. Brixmor Property Group reported earnings of $0.19 per share in the same quarter last year, which would suggest a positive year over year growth rate of 168.4%. The firm is expected to issue its next earnings results after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Brixmor Property Group will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.12. For the next fiscal year, analysts forecast that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.08 to $2.18. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The firm had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $315.69 million. During the same period last year, the firm earned $0.50 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year.

BRX has been the topic of a number of recent research reports. Barclays PLC decreased their price objective on 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. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. 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. Boenning Scattergood upgraded shares of Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Brixmor Property Group presently has a consensus rating of “Hold” and a consensus price target of $23.50.

In other news, insider James M. Taylor, Jr. bought 15,600 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the purchase, the insider now owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Schreiber bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $18.72 per share, with a total value of $187,200.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $374,400. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BRX. Pacer Advisors Inc. raised its position in Brixmor Property Group by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 554 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,203 shares during the last quarter. LS Investment Advisors LLC raised its position in Brixmor Property Group by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 1,420 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Brixmor Property Group by 58.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 3,538 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Brixmor Property Group by 38.8% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 2,600 shares during the last quarter.

Brixmor Property Group (NYSE BRX) traded up 0.91% during mid-day trading on Friday, reaching $18.86. The company had a trading volume of 1,468,874 shares. The company’s 50 day moving average is $18.95 and its 200 day moving average is $19.26. Brixmor Property Group has a 52-week low of $17.35 and a 52-week high of $27.24. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 19.32 and a beta of 0.54.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.12%.

WARNING: “Zacks: Analysts Expect Brixmor Property Group Inc. (BRX) to Post $0.51 Earnings Per Share” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/zacks-analysts-expect-brixmor-property-group-inc-brx-to-post-0-51-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Brixmor Property Group (BRX)

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According to Zacks, analysts expect that Brixmor Property Group will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.12. For the next fiscal year, analysts forecast that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.08 to $2.18. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The firm had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $315.69 million. During the same period last year, the firm earned $0.50 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year.

BRX has been the topic of a number of recent research reports. Barclays PLC decreased their price objective on 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. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. 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. Boenning Scattergood upgraded shares of Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Brixmor Property Group presently has a consensus rating of “Hold” and a consensus price target of $23.50.

In other news, insider James M. Taylor, Jr. bought 15,600 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the purchase, the insider now owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Schreiber bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $18.72 per share, with a total value of $187,200.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $374,400. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BRX. Pacer Advisors Inc. raised its position in Brixmor Property Group by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 554 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,203 shares during the last quarter. LS Investment Advisors LLC raised its position in Brixmor Property Group by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 1,420 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Brixmor Property Group by 58.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 3,538 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Brixmor Property Group by 38.8% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 2,600 shares during the last quarter.

Brixmor Property Group (NYSE BRX) traded up 0.91% during mid-day trading on Friday, reaching $18.86. The company had a trading volume of 1,468,874 shares. The company’s 50 day moving average is $18.95 and its 200 day moving average is $19.26. Brixmor Property Group has a 52-week low of $17.35 and a 52-week high of $27.24. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 19.32 and a beta of 0.54.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.12%.

WARNING: “Zacks: Analysts Expect Brixmor Property Group Inc. (BRX) to Post $0.51 Earnings Per Share” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/10/zacks-analysts-expect-brixmor-property-group-inc-brx-to-post-0-51-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Brixmor Property Group (BRX)

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

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