Brixmor Property Group (NYSE:BRX) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 29th. Analysts expect Brixmor Property Group to post earnings of $0.50 per share for the quarter.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.24). The firm had revenue of $313.03 million for the quarter, compared to analyst estimates of $307.73 million. Brixmor Property Group had a return on equity of 10.21% and a net margin of 23.30%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. On average, analysts expect Brixmor Property Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
BRX stock opened at $15.60 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.92. The stock has a market cap of $4.72 billion, a PE ratio of 7.46, a PEG ratio of 2.05 and a beta of 0.42. Brixmor Property Group has a fifty-two week low of $13.74 and a fifty-two week high of $18.83.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, October 5th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.10 annualized dividend and a dividend yield of 7.05%. Brixmor Property Group’s dividend payout ratio is currently 52.63%.
Several research analysts have recently weighed in on the company. Mizuho cut Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Tuesday, August 21st. Citigroup upped their price objective on Brixmor Property Group from $16.50 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. ValuEngine cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Sandler O’Neill cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $20.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Brixmor Property Group has a consensus rating of “Hold” and an average price target of $18.55.
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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