Brixmor Property Group Inc. (NYSE:BRX) – Investment analysts at Boenning Scattergood issued their Q1 2019 earnings per share estimates for shares of Brixmor Property Group in a research report issued on Tuesday, according to Zacks Investment Research. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will post earnings of $0.52 per share for the quarter. Boenning Scattergood 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 posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). The business had revenue of $314.50 million for 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 was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS.
Several other equities research analysts have also recently issued reports on BRX. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Citigroup raised Brixmor Property Group to an “overweight” rating and lifted their price objective for the company from $19.00 to $21.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, November 2nd. Mitsubishi UFJ Financial Group raised Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.38.
Brixmor Property Group (NYSE:BRX) traded up $0.26 during mid-day trading on Wednesday, reaching $17.12. The company’s stock had a trading volume of 5,578,364 shares, compared to its average volume of 2,580,000. 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 $5,220.00, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.09 and a beta of 0.52. Brixmor Property Group has a one year low of $16.53 and a one year high of $24.94.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. purchased a new stake in Brixmor Property Group during the 3rd quarter worth about $100,000. Pacer Advisors Inc. lifted its holdings in Brixmor Property Group by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 554 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Brixmor Property Group by 621.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Brixmor Property Group by 159.5% during 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 buying an additional 5,203 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Brixmor Property Group during the 3rd quarter worth about $191,000. 98.52% of the stock is owned by institutional investors.
In related news, EVP Mark Horgan bought 3,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of $17.64 per share, with a total value of $52,920.00. Following the purchase, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.27% of the company’s stock.
Brixmor Property Group announced that its board has authorized a stock buyback plan on Tuesday, December 5th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, January 4th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 6.43%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, January 3rd. Brixmor Property Group’s payout ratio is presently 103.77%.
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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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