Brokerages expect that Brixmor Property Group Inc (NYSE:BRX) will report sales of $290.60 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Brixmor Property Group’s earnings, with the highest sales estimate coming in at $296.52 million and the lowest estimate coming in at $284.30 million. Brixmor Property Group reported sales of $317.18 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.4%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, April 29th.
On average, analysts expect that Brixmor Property Group will report full-year sales of $1.17 billion for the current year, with estimates ranging from $1.13 billion to $1.21 billion. For the next fiscal year, analysts expect that the company will report sales of $1.20 billion, with estimates ranging from $1.14 billion to $1.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17). Brixmor Property Group had a return on equity of 12.82% and a net margin of 29.67%. The business had revenue of $297.66 million for the quarter, compared to the consensus estimate of $302.22 million.
A number of analysts have issued reports on BRX shares. JPMorgan Chase & Co. downgraded Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Barclays reissued a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a research report on Wednesday, March 6th. BMO Capital Markets reissued a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a research report on Monday, February 11th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brixmor Property Group presently has an average rating of “Hold” and a consensus price target of $18.39.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Zimmer Partners LP purchased a new position in Brixmor Property Group during the fourth quarter worth about $63,288,000. American Century Companies Inc. grew its position in Brixmor Property Group by 3,600.7% during the fourth quarter. American Century Companies Inc. now owns 4,026,684 shares of the real estate investment trust’s stock worth $59,152,000 after buying an additional 3,917,876 shares in the last quarter. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter worth about $44,190,000. Cohen & Steers Inc. grew its position in Brixmor Property Group by 14.5% during the third quarter. Cohen & Steers Inc. now owns 18,397,281 shares of the real estate investment trust’s stock worth $322,136,000 after buying an additional 2,326,047 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Brixmor Property Group by 116.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,065,652 shares of the real estate investment trust’s stock worth $45,034,000 after buying an additional 1,646,091 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.
NYSE:BRX traded down $0.13 during trading hours on Friday, reaching $17.57. The stock had a trading volume of 52,286 shares, compared to its average volume of 2,532,078. 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 company has a market capitalization of $5.28 billion, a P/E ratio of 9.50, a P/E/G ratio of 2.27 and a beta of 0.77.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, April 5th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.37%. The ex-dividend date was Thursday, April 4th. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.
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 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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