Equities research analysts predict that Brixmor Property Group Inc (NYSE:BRX) will post $0.47 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Brixmor Property Group’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.47. Brixmor Property Group reported earnings of $0.51 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.8%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, April 29th.

According to Zacks, analysts expect that Brixmor Property Group will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.94. For the next financial year, analysts anticipate that the business will post earnings of $1.96 per share, with EPS estimates ranging from $1.92 to $2.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 11th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.17). The firm had revenue of $297.66 million during the quarter, compared to analysts’ expectations of $302.22 million. Brixmor Property Group had a net margin of 29.67% and a return on equity of 12.82%.

BRX has been the subject of several analyst reports. Barclays reiterated a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a report on Wednesday, March 6th. BMO Capital Markets restated a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a report on Monday, February 11th. ValuEngine upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. JPMorgan Chase & Co. downgraded shares of Brixmor Property Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 19th. Finally, Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Brixmor Property Group presently has a consensus rating of “Hold” and an average target price of $18.39.

Several institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its position in shares of Brixmor Property Group by 170.5% during the third quarter. US Bancorp DE now owns 16,658 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 10,500 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Brixmor Property Group by 5.3% in the third quarter. Wells Fargo & Company MN now owns 857,492 shares of the real estate investment trust’s stock valued at $15,014,000 after purchasing an additional 43,513 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Brixmor Property Group in the third quarter valued at $1,905,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Brixmor Property Group by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 318,003 shares of the real estate investment trust’s stock valued at $5,568,000 after purchasing an additional 4,377 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Brixmor Property Group by 2.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 209,900 shares of the real estate investment trust’s stock valued at $3,676,000 after purchasing an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Shares of BRX stock traded up $0.10 on Wednesday, hitting $17.54. The stock had a trading volume of 147,301 shares, compared to its average volume of 3,105,848. The company has a market cap of $5.21 billion, a P/E ratio of 9.49, a P/E/G ratio of 2.17 and a beta of 0.77. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.59 and a quick ratio of 0.59. Brixmor Property Group has a 12-month low of $13.84 and a 12-month high of $18.71.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, April 5th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.12 annualized dividend and a dividend yield of 6.39%. Brixmor Property Group’s payout ratio is 60.54%.

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 425 retail centers comprise approximately 74 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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