Wall Street analysts expect that Brixmor Property Group Inc. (NYSE:BRX) will announce $261.03 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Brixmor Property Group’s earnings. The highest sales estimate is $273.39 million and the lowest is $246.58 million. Brixmor Property Group reported sales of $293.15 million in the same quarter last year, which indicates a negative year-over-year growth rate of 11%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, February 11th.
According to Zacks, analysts expect that Brixmor Property Group will report full year sales of $1.07 billion for the current financial year, with estimates ranging from $1.03 billion to $1.11 billion. For the next financial year, analysts expect that the company will report sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.17 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, November 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.31). The firm had revenue of $253.90 million during the quarter, compared to the consensus estimate of $270.86 million. Brixmor Property Group had a net margin of 14.75% and a return on equity of 6.07%. Brixmor Property Group’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share.
Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lowered shares of Brixmor Property Group from an “overweight” rating to an “equal weight” rating and set a $17.00 price target on the stock. in a report on Thursday, December 10th. Bank of America lifted their price target on shares of Brixmor Property Group from $13.50 to $15.50 and gave the company a “neutral” rating in a report on Monday, November 16th. Zacks Investment Research lowered shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 8th. TheStreet upgraded shares of Brixmor Property Group from a “d+” rating to a “c-” rating in a research report on Thursday, November 12th. Finally, ValuEngine upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.32.
Several hedge funds and other institutional investors have recently modified their holdings of BRX. Alexandria Capital LLC lifted its holdings in Brixmor Property Group by 59.8% during the third quarter. Alexandria Capital LLC now owns 360,910 shares of the real estate investment trust’s stock valued at $4,224,000 after purchasing an additional 135,124 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Brixmor Property Group by 1.2% in the third quarter. California State Teachers Retirement System now owns 534,023 shares of the real estate investment trust’s stock worth $6,243,000 after buying an additional 6,592 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of Brixmor Property Group by 27.1% in the third quarter. Profund Advisors LLC now owns 21,738 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 4,630 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Brixmor Property Group by 31.5% in the third quarter. Nisa Investment Advisors LLC now owns 143,946 shares of the real estate investment trust’s stock worth $1,683,000 after buying an additional 34,491 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new stake in shares of Brixmor Property Group in the third quarter worth about $130,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Shares of Brixmor Property Group stock traded down $0.19 during midday trading on Tuesday, hitting $16.22. 1,828,395 shares of the company traded hands, compared to its average volume of 3,464,448. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 30.60 and a beta of 1.61. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.97 and a current ratio of 1.97. The firm’s fifty day moving average price is $16.05 and its 200-day moving average price is $13.09. Brixmor Property Group has a 12 month low of $7.51 and a 12 month high of $21.72.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Wednesday, January 6th will be given a $0.215 dividend. The ex-dividend date is Tuesday, January 5th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.30%.
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 395 retail centers comprise approximately 69 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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