Brixmor Property Group (NYSE:BRX) Releases FY 2021 Earnings Guidance

Brixmor Property Group (NYSE:BRX) updated its FY 2021 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.600-1.700 for the period. The company issued revenue guidance of -.

Several research firms have recently weighed in on BRX. Truist upped their target price on shares of Brixmor Property Group from $17.00 to $20.00 in a report on Friday, March 5th. Bank of America raised shares of Brixmor Property Group from a neutral rating to a buy rating and upped their target price for the stock from $17.00 to $18.50 in a report on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Brixmor Property Group from $17.00 to $22.00 and gave the stock a hold rating in a report on Thursday, April 15th. Zacks Investment Research lowered shares of Brixmor Property Group from a hold rating to a sell rating in a report on Wednesday, April 14th. Finally, Mizuho increased their price objective on shares of Brixmor Property Group from $16.00 to $20.00 and gave the stock a neutral rating in a report on Tuesday, February 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Brixmor Property Group has a consensus rating of Hold and a consensus price target of $16.46.

Shares of NYSE:BRX traded down $0.07 during mid-day trading on Monday, reaching $22.39. The stock had a trading volume of 63,097 shares, compared to its average volume of 2,413,106. The firm has a market cap of $6.65 billion, a PE ratio of 42.38 and a beta of 1.63. The firm has a 50 day simple moving average of $21.31 and a two-hundred day simple moving average of $18.08. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 2.02. Brixmor Property Group has a twelve month low of $8.97 and a twelve month high of $23.10.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). Brixmor Property Group had a net margin of 14.75% and a return on equity of 6.07%. The firm had revenue of $279.75 million during the quarter, compared to analyst estimates of $265.51 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s revenue was down .9% on a year-over-year basis. On average, equities analysts anticipate that Brixmor Property Group will post 1.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Tuesday, July 6th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, July 2nd. This represents a $0.86 dividend on an annualized basis and a yield of 3.84%. Brixmor Property Group’s payout ratio is 45.03%.

In other news, insider Carolyn Carter Singh sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the completion of the transaction, the insider now directly owns 233,768 shares of the company’s stock, valued at approximately $5,142,896. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Angela M. Aman sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $22.00, for a total transaction of $165,000.00. Following the transaction, the chief financial officer now directly owns 102,469 shares of the company’s stock, valued at $2,254,318. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,000 shares of company stock valued at $636,800. 0.44% of the stock is owned by company insiders.

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 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.

Featured Story: How can investors find ex-dividend dates?

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

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