Wall Street brokerages expect Brixmor Property Group Inc (NYSE:BRX) to announce $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Brixmor Property Group’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.48. Brixmor Property Group posted earnings per share of $0.51 during the same quarter last year, which would suggest a negative year over year growth rate of 7.8%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, July 29th.
On average, analysts expect that Brixmor Property Group will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.88 to $1.91. For the next year, analysts expect that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.93 to $1.99. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.26). Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. The business had revenue of $291.10 million for the quarter, compared to analyst estimates of $290.85 million. During the same period in the prior year, the company earned $0.51 earnings per share. The company’s quarterly revenue was down 8.2% on a year-over-year basis.
Shares of BRX stock traded down $0.38 during mid-day trading on Friday, reaching $17.74. The stock had a trading volume of 2,519,798 shares, compared to its average volume of 2,409,932. The business has a fifty day moving average of $18.02. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.74. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.73. Brixmor Property Group has a 1-year low of $14.11 and a 1-year high of $18.72.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, July 5th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend was Wednesday, July 3rd. Brixmor Property Group’s dividend payout ratio is presently 60.54%.
Several hedge funds have recently made changes to their positions in BRX. Machina Capital S.A.S. purchased a new position in Brixmor Property Group during the second quarter worth approximately $111,000. New York State Teachers Retirement System boosted its position in Brixmor Property Group by 15.0% during the second quarter. New York State Teachers Retirement System now owns 311,980 shares of the real estate investment trust’s stock worth $5,578,000 after purchasing an additional 40,800 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in Brixmor Property Group by 13.4% during the second quarter. Gilman Hill Asset Management LLC now owns 42,900 shares of the real estate investment trust’s stock worth $767,000 after purchasing an additional 5,070 shares in the last quarter. Foster & Motley Inc. boosted its position in Brixmor Property Group by 2.9% during the second quarter. Foster & Motley Inc. now owns 243,658 shares of the real estate investment trust’s stock worth $4,357,000 after purchasing an additional 6,916 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Brixmor Property Group by 2.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 120,648 shares of the real estate investment trust’s stock worth $2,157,000 after purchasing an additional 2,760 shares in the last quarter. 98.23% of the stock is currently owned by institutional investors and hedge funds.
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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