Brixmor Property Group Inc. (NYSE:BRX) – Analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for Brixmor Property Group in a research report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum anticipates that the real estate investment trust will post earnings of $0.52 per share for the quarter. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Brixmor Property Group’s Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.53 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $2.12 EPS.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The company had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis.
Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a research report on Thursday, November 2nd. BMO Capital Markets set a $20.00 target price on shares of Brixmor Property Group and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Mizuho cut shares of Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.38.
Shares of Brixmor Property Group (NYSE BRX) traded down $0.11 during midday trading on Wednesday, hitting $16.83. 1,522,879 shares of the stock traded hands, compared to its average volume of 2,690,844. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $5,130.00, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52. Brixmor Property Group has a 52-week low of $16.75 and a 52-week high of $24.94.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its position in Brixmor Property Group by 3.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,183,228 shares of the real estate investment trust’s stock worth $39,037,000 after purchasing an additional 79,331 shares during the period. Davis Selected Advisers purchased a new stake in Brixmor Property Group in the 3rd quarter worth about $2,874,000. Swiss National Bank raised its position in Brixmor Property Group by 1.0% in the 3rd quarter. Swiss National Bank now owns 1,120,650 shares of the real estate investment trust’s stock worth $21,068,000 after purchasing an additional 11,600 shares during the period. BlackRock Inc. raised its position in Brixmor Property Group by 35.0% in the 2nd quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock worth $519,713,000 after purchasing an additional 7,543,528 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Brixmor Property Group by 20.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 120,208 shares of the real estate investment trust’s stock worth $2,260,000 after purchasing an additional 20,228 shares during the period. 98.30% of the stock is currently owned by institutional investors.
In other news, EVP Mark Horgan acquired 3,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average cost of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by corporate insiders.
Brixmor Property Group announced that its board has authorized a share buyback program on Tuesday, December 5th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
The firm 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 represents a $1.10 annualized dividend and a dividend yield of 6.54%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is currently 103.77%.
Brixmor Property Group Company Profile
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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