Brokerages Anticipate Brixmor Property Group Inc (BRX) to Post $0.47 EPS

Wall Street analysts expect that Brixmor Property Group Inc (NYSE:BRX) will post earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Brixmor Property Group’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.45. Brixmor Property Group posted earnings per share of $0.51 in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.8%. The business is scheduled to issue its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that Brixmor Property Group will report full-year earnings of $1.89 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.91. For the next financial year, analysts forecast that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.92 to $2.02. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.26). The business had revenue of $291.10 million during the quarter, compared to analyst estimates of $290.85 million. Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share.

Several research firms have recently commented on BRX. Stifel Nicolaus raised their price target on Brixmor Property Group from $17.50 to $18.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a report on Monday, February 11th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Barclays reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.39.

Shares of BRX traded up $0.22 during mid-day trading on Friday, hitting $18.25. The company’s stock had a trading volume of 1,842,094 shares, compared to its average volume of 2,091,475. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market capitalization of $5.37 billion, a P/E ratio of 9.86, a P/E/G ratio of 2.26 and a beta of 0.75. Brixmor Property Group has a 1-year low of $13.96 and a 1-year high of $18.71.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a yield of 6.14%. Brixmor Property Group’s dividend payout ratio is presently 60.54%.

A number of hedge funds have recently modified their holdings of BRX. BlackRock Inc. raised its holdings in Brixmor Property Group by 61.1% during the first quarter. BlackRock Inc. now owns 36,138,525 shares of the real estate investment trust’s stock worth $663,868,000 after purchasing an additional 13,704,777 shares during the last quarter. Zimmer Partners LP acquired a new position in Brixmor Property Group during the fourth quarter worth $63,288,000. American Century Companies Inc. raised its holdings in Brixmor Property Group by 3,600.7% during the fourth quarter. American Century Companies Inc. now owns 4,026,684 shares of the real estate investment trust’s stock worth $59,152,000 after purchasing an additional 3,917,876 shares during the last quarter. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter worth $44,190,000. Finally, Nuveen Asset Management LLC increased its position in Brixmor Property Group by 116.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,065,652 shares of the real estate investment trust’s stock worth $45,034,000 after buying an additional 1,646,091 shares in the last quarter. 98.68% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

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 425 retail centers comprise approximately 74 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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Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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