Brixmor Property Group Inc (NYSE:BRX) – Equities research analysts at Mitsubishi UFJ Financial Group upped their Q3 2019 earnings per share (EPS) estimates for Brixmor Property Group in a report released on Tuesday, August 13th, according to Zacks Investment Research. Mitsubishi UFJ Financial Group analyst K. Ford now forecasts that the real estate investment trust will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.48. Mitsubishi UFJ Financial Group also issued estimates for Brixmor Property Group’s Q4 2019 earnings at $0.49 EPS, Q1 2020 earnings at $0.51 EPS, Q2 2020 earnings at $0.51 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.51 EPS and FY2020 earnings at $2.04 EPS.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.24). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The firm had revenue of $291.00 million for the quarter, compared to the consensus estimate of $286.99 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s quarterly revenue was down 7.0% compared to the same quarter last year.
Several other research analysts have also recently weighed in on BRX. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 target price on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Scotiabank cut Brixmor Property Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $20.00 to $19.00 in a research note on Friday, August 16th. Sandler O’Neill raised Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Tuesday. KeyCorp set a $20.00 target price on Brixmor Property Group and gave the company a “buy” rating in a research note on Wednesday, June 19th. Finally, ValuEngine downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Brixmor Property Group presently has a consensus rating of “Hold” and an average target price of $19.10.
BRX stock traded up $0.22 during trading hours on Thursday, hitting $19.25. 2,213,901 shares of the stock traded hands, compared to its average volume of 2,700,499. The stock has a 50-day simple moving average of $18.51 and a 200 day simple moving average of $18.06. Brixmor Property Group has a one year low of $14.11 and a one year high of $19.33. The company has a market cap of $5.67 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.15 and a beta of 0.74. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.78.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Thursday, October 3rd. Brixmor Property Group’s dividend payout ratio is 60.54%.
In related news, Director James M. Taylor, Jr. bought 7,500 shares of Brixmor Property Group stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $18.50 per share, with a total value of $138,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System lifted its stake in Brixmor Property Group by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 216,272 shares of the real estate investment trust’s stock worth $3,867,000 after acquiring an additional 1,833 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in Brixmor Property Group in the 1st quarter worth about $2,917,000. Rhumbline Advisers lifted its stake in Brixmor Property Group by 144.2% in the 1st quarter. Rhumbline Advisers now owns 772,347 shares of the real estate investment trust’s stock worth $14,188,000 after acquiring an additional 456,087 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Brixmor Property Group by 84.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,623 shares of the real estate investment trust’s stock worth $6,144,000 after acquiring an additional 157,114 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Brixmor Property Group in the 1st quarter worth about $966,000. 99.61% of the stock is owned by hedge funds and other institutional investors.
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.