Equities research analysts predict that Brixmor Property Group Inc (NYSE:BRX) will announce sales of $304.37 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Brixmor Property Group’s earnings. The lowest sales estimate is $292.68 million and the highest is $322.68 million. Brixmor Property Group posted sales of $320.06 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings report on Monday, February 11th.
On average, analysts expect that Brixmor Property Group will report full-year sales of $1.24 billion for the current fiscal year, with estimates ranging from $1.22 billion to $1.27 billion. For the next financial year, analysts forecast that the business will post sales of $1.22 billion, with estimates ranging from $1.16 billion to $1.31 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $306.48 million during the quarter, compared to analysts’ expectations of $301.87 million. Brixmor Property Group had a net margin of 28.54% and a return on equity of 12.47%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd bought a new position in Brixmor Property Group during the second quarter worth about $124,000. Spirit of America Management Corp NY increased its position in Brixmor Property Group by 143.5% during the third quarter. Spirit of America Management Corp NY now owns 7,975 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,700 shares during the period. Private Advisor Group LLC bought a new position in Brixmor Property Group during the second quarter worth about $201,000. Signition LP bought a new position in Brixmor Property Group during the second quarter worth about $222,000. Finally, Point72 Hong Kong Ltd bought a new position in Brixmor Property Group during the second quarter worth about $258,000.
BRX stock traded down $0.01 during trading hours on Friday, reaching $16.14. The stock had a trading volume of 2,912,500 shares, compared to its average volume of 3,295,636. The stock has a market cap of $4.77 billion, a P/E ratio of 7.72, a P/E/G ratio of 2.08 and a beta of 0.47. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.63. Brixmor Property Group has a fifty-two week low of $13.74 and a fifty-two week high of $18.83.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, January 4th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 6.94%. Brixmor Property Group’s dividend payout ratio is presently 52.63%.
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 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.
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