Zacks: Brokerages Expect Brixmor Property Group Inc (BRX) to Post $0.50 Earnings Per Share

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Wall Street analysts expect Brixmor Property Group Inc (NYSE:BRX) to announce $0.50 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Brixmor Property Group’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. Brixmor Property Group reported earnings of $0.52 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The firm is scheduled to report its next quarterly earnings report after the market closes on Monday, October 29th.

On average, analysts expect that Brixmor Property Group will report full-year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.99 to $2.02. For the next fiscal year, analysts forecast that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.90 to $2.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.24). Brixmor Property Group had a return on equity of 10.21% and a net margin of 23.30%. The firm had revenue of $313.03 million during the quarter, compared to the consensus estimate of $307.73 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis.

A number of equities analysts recently issued reports on BRX shares. SunTrust Banks restated a “buy” rating and issued a $20.00 target price on shares of Brixmor Property Group in a report on Wednesday, August 8th. Goldman Sachs Group started coverage on Brixmor Property Group in a report on Friday, May 18th. They issued a “buy” rating and a $17.50 target price on the stock. Sandler O’Neill cut Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Stifel Nicolaus lifted their target price on Brixmor Property Group from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $16.50 target price on shares of Brixmor Property Group in a report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.64.

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Brixmor Property Group by 175.9% during the second quarter. Russell Investments Group Ltd. now owns 3,291,534 shares of the real estate investment trust’s stock valued at $57,675,000 after buying an additional 2,098,559 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Brixmor Property Group by 192.5% during the second quarter. BNP Paribas Arbitrage SA now owns 283,062 shares of the real estate investment trust’s stock valued at $4,934,000 after buying an additional 186,294 shares in the last quarter. Foster & Motley Inc. grew its holdings in shares of Brixmor Property Group by 22.1% during the second quarter. Foster & Motley Inc. now owns 202,167 shares of the real estate investment trust’s stock valued at $3,524,000 after buying an additional 36,649 shares in the last quarter. First Quadrant L P CA grew its holdings in shares of Brixmor Property Group by 807.8% during the second quarter. First Quadrant L P CA now owns 336,761 shares of the real estate investment trust’s stock valued at $5,870,000 after buying an additional 299,664 shares in the last quarter. Finally, Presima Inc. grew its holdings in shares of Brixmor Property Group by 14.0% during the second quarter. Presima Inc. now owns 2,379,700 shares of the real estate investment trust’s stock valued at $41,478,000 after buying an additional 291,800 shares in the last quarter.

Shares of NYSE BRX opened at $17.99 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $5.50 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.51 and a beta of 0.42. Brixmor Property Group has a 52-week low of $13.74 and a 52-week high of $19.81.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, October 5th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.11%. Brixmor Property Group’s dividend payout ratio is 52.63%.

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 471 retail centers comprise approximately 80 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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