Brixmor Property Group (NYSE:BRX) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49, MarketWatch Earnings reports. Brixmor Property Group had a net margin of 23.30% and a return on equity of 10.21%. The firm had revenue of $306.48 million for the quarter, compared to the consensus estimate of $301.87 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Brixmor Property Group updated its FY 2018 guidance to $1.89-1.94 EPS and its FY18 guidance to $1.89-1.94 EPS.
Brixmor Property Group stock opened at $15.59 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.69 and a current ratio of 0.69. Brixmor Property Group has a 12 month low of $13.74 and a 12 month high of $18.83. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 7.46, a P/E/G ratio of 2.01 and a beta of 0.43.
BRX has been the topic of several research reports. ValuEngine downgraded shares of Brixmor Property Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. KeyCorp upgraded shares of Brixmor Property Group from a “sector weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a report on Monday. Stifel Nicolaus increased their price target on shares of Brixmor Property Group from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. Sandler O’Neill downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, Citigroup increased their price target on shares of Brixmor Property Group from $16.50 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.50.
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 471 retail centers comprise approximately 80 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.
Further Reading: Trading Strategy Methods for Individual Investors
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.