Brixmor Property Group (NYSE:BRX – Get Free Report) is scheduled to post its quarterly earnings results 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 that are interested in registering for the company’s earnings conference call can do so using this link.
Brixmor Property Group (NYSE:BRX – Get Free Report) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The business had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. During the same quarter last year, the firm posted $0.50 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. 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 Performance
Shares of BRX stock opened at $24.37 on Monday. Brixmor Property Group has a 12 month low of $19.46 and a 12 month high of $24.77. The stock has a market cap of $7.34 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 4.26 and a beta of 1.57. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86. The company’s fifty day moving average price is $22.60 and its 200-day moving average price is $22.50.
Brixmor Property Group Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd were given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, July 2nd. Brixmor Property Group’s dividend payout ratio is presently 117.21%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $25.00 price target on shares of Brixmor Property Group in a research report on Monday, March 25th. Mizuho cut their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. JPMorgan Chase & Co. cut their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. StockNews.com upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Finally, Wells Fargo & Company cut their price objective on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.13.
Read Our Latest Stock Analysis on BRX
Insider Transactions at Brixmor Property Group
In other news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.
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.
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