Analysts predict that Brixmor Property Group Inc (NYSE:BRX) will post sales of $320.31 million for the current quarter, according to Zacks. Three analysts have issued estimates for Brixmor Property Group’s earnings. The highest sales estimate is $325.35 million and the lowest is $316.26 million. Brixmor Property Group posted sales of $325.81 million during the same quarter last year, which suggests a negative year-over-year growth rate of 1.7%. The firm is expected to report its next earnings report on Monday, May 7th.
On average, analysts expect that Brixmor Property Group will report full-year sales of $320.31 million for the current fiscal year, with estimates ranging from $1.22 billion to $1.30 billion. For the next year, analysts anticipate that the company will post sales of $1.28 billion per share, with estimates ranging from $1.21 billion to $1.37 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The company had revenue of $320.06 million during the quarter, compared to analyst estimates of $312.97 million. During the same quarter in the previous year, the company posted $0.53 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis.
A number of analysts recently weighed in on the stock. SunTrust Banks set a $19.00 price target on shares of Brixmor Property Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. ValuEngine cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $19.00 to $16.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. Boenning Scattergood reiterated a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, February 14th. Finally, Sandler O’Neill set a $18.00 price target on shares of Brixmor Property Group and gave the stock a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.40.
Shares of Brixmor Property Group (NYSE:BRX) opened at $15.32 on Friday. The firm has a market cap of $4,655.88, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.90 and a beta of 0.38. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.65 and a current ratio of 0.65. Brixmor Property Group has a 52 week low of $13.74 and a 52 week high of $22.06.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $1.10 dividend on an annualized basis and a yield of 7.18%. Brixmor Property Group’s payout ratio is currently 112.24%.
Brixmor Property Group declared that its Board of Directors has approved a share buyback program on Tuesday, December 5th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
In other news, EVP Mark Horgan acquired 4,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $14.94 per share, for a total transaction of $67,230.00. Following the transaction, the executive vice president now owns 62,769 shares in the company, valued at $937,768.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James M. Taylor, Jr. acquired 7,500 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were purchased at an average price of $15.55 per share, with a total value of $116,625.00. Following the transaction, the chief executive officer now owns 216,884 shares in the company, valued at approximately $3,372,546.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 12,750 shares of company stock valued at $195,495. 0.27% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in BRX. Fuller & Thaler Asset Management Inc. purchased a new position in Brixmor Property Group during the 3rd quarter worth $100,000. CIBC Asset Management Inc purchased a new position in Brixmor Property Group during the 3rd quarter worth $191,000. IFM Investors Pty Ltd purchased a new position in Brixmor Property Group during the 3rd quarter worth $197,000. Meeder Asset Management Inc. raised its position in Brixmor Property Group by 53.2% during the 4th quarter. Meeder Asset Management Inc. now owns 12,172 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 4,225 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Brixmor Property Group by 244.2% during the 3rd quarter. Toronto Dominion Bank now owns 12,877 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 9,136 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.
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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