Analysts expect Brixmor Property Group Inc. (NYSE:BRX) to post $321.20 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Brixmor Property Group’s earnings. The highest sales estimate is $327.47 million and the lowest is $315.80 million. Brixmor Property Group posted sales of $318.58 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The business is scheduled to report its next quarterly earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Brixmor Property Group will report full-year sales of $321.20 million for the current financial year, with estimates ranging from $1.28 billion to $1.31 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.32 billion per share, with estimates ranging from $1.27 billion to $1.38 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The company had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $315.69 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Brixmor Property Group’s revenue for the quarter was up 4.1% on a year-over-year basis.

A number of brokerages have issued reports on BRX. Zacks Investment Research lowered shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Boenning Scattergood reissued a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Citigroup Inc. raised their price target on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Finally, Barclays PLC reissued a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.95.

TRADEMARK VIOLATION WARNING: “Brixmor Property Group Inc. (BRX) Expected to Announce Quarterly Sales of $321.20 Million” was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/brixmor-property-group-inc-brx-expected-to-announce-quarterly-sales-of-321-20-million/1490538.html.

Several large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in shares of Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 209 shares during the last quarter. World Asset Management Inc raised its stake in shares of Brixmor Property Group by 2.0% in the first quarter. World Asset Management Inc now owns 12,995 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 256 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Brixmor Property Group by 0.3% in the first quarter. Fifth Third Bancorp now owns 92,123 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 301 shares during the last quarter. M&T Bank Corp raised its stake in shares of Brixmor Property Group by 1.8% in the second quarter. M&T Bank Corp now owns 17,587 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 316 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 341 shares during the last quarter.

Shares of Brixmor Property Group (NYSE:BRX) traded down 1.56% during mid-day trading on Tuesday, hitting $19.59. 1,284,854 shares of the company traded hands. The stock has a market capitalization of $5.97 billion, a PE ratio of 20.07 and a beta of 0.53. The firm’s 50 day moving average price is $18.87 and its 200-day moving average price is $20.38. Brixmor Property Group has a 1-year low of $17.35 and a 1-year high of $29.14.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s payout ratio is 106.12%.

Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

Get a free copy of the Zacks research report on Brixmor Property Group (BRX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.