Brixmor Property Group (BRX) Scheduled to Post Quarterly Earnings on Monday

Brixmor Property Group (NYSE:BRX) is scheduled to release its earnings data after the market closes on Monday, July 29th. Analysts expect Brixmor Property Group to post earnings of $0.52 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The business had revenue of $320.24 million during the quarter, compared to analysts’ expectations of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. Brixmor Property Group’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. On average, analysts expect Brixmor Property Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brixmor Property Group Stock Up 1.5 %

NYSE:BRX opened at $24.56 on Friday. The firm has a market cap of $7.40 billion, a P/E ratio of 26.41, a P/E/G ratio of 4.23 and a beta of 1.57. Brixmor Property Group has a fifty-two week low of $19.46 and a fifty-two week high of $24.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50-day simple moving average of $22.82 and a two-hundred day simple moving average of $22.56.

Brixmor Property Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, July 2nd were issued a $0.2725 dividend. The ex-dividend date was Tuesday, July 2nd. This represents a $1.09 annualized dividend and a yield of 4.44%. Brixmor Property Group’s payout ratio is 117.21%.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. StockNews.com raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Wells Fargo & Company decreased their price objective on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 28th. Finally, Mizuho reduced their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.13.

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 362 retail centers comprise approximately 64 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.