Equities analysts predict that Brixmor Property Group Inc (NYSE:BRX) will announce earnings per share of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Brixmor Property Group’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.46. Brixmor Property Group posted earnings per share of $0.42 in the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The business is expected to announce its next earnings results on Monday, November 4th.
According to Zacks, analysts expect that Brixmor Property Group will report full year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.91. For the next financial year, analysts anticipate that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.93 to $1.99. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.24). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The company had revenue of $291.00 million during the quarter, compared to the consensus estimate of $286.99 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis.
Shares of BRX stock traded down $0.09 during trading hours on Friday, hitting $18.78. The company had a trading volume of 2,457,968 shares, compared to its average volume of 2,756,347. Brixmor Property Group has a 12 month low of $14.11 and a 12 month high of $19.11. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. The stock’s fifty day moving average is $18.23. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.47 and a quick ratio of 0.52.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 4th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 5.96%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRX. Machina Capital S.A.S. bought a new stake in Brixmor Property Group during the 2nd quarter worth approximately $111,000. Raymond James Financial Services Advisors Inc. bought a new stake in Brixmor Property Group during the 4th quarter worth approximately $190,000. LS Investment Advisors LLC bought a new stake in Brixmor Property Group during the 1st quarter worth approximately $289,000. Oakbrook Investments LLC bought a new stake in Brixmor Property Group during the 1st quarter worth approximately $300,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Brixmor Property Group during the 1st quarter worth approximately $301,000. Institutional investors and hedge funds own 98.23% of the company’s stock.
Brixmor Property Group Company Profile
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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