Brixmor Property Group (NYSE:BRX) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.27), Yahoo Finance reports. Brixmor Property Group had a return on equity of 10.29% and a net margin of 23.40%. The firm had revenue of $320.06 million during the quarter, compared to analysts’ expectations of $312.97 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Brixmor Property Group (NYSE BRX) opened at $14.85 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $4,381.64, a P/E ratio of 15.15, a P/E/G ratio of 1.79 and a beta of 0.35. Brixmor Property Group has a 12-month low of $13.74 and a 12-month high of $24.54.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, April 5th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.41%. The ex-dividend date of this dividend is Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio is currently 112.24%.
Brixmor Property Group declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 5th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
BRX has been the subject of several research analyst reports. Boenning Scattergood restated a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research note on Tuesday, November 21st. Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Stifel Nicolaus initiated coverage on Brixmor Property Group in a research note on Thursday, November 30th. They issued a “hold” rating and a $19.00 price objective for the company. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.38.
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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.
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