Equities research analysts expect that Brixmor Property Group Inc (NYSE:BRX) will announce $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Brixmor Property Group’s earnings, with estimates ranging from $0.46 to $0.48. Brixmor Property Group reported earnings per share of $0.51 during the same quarter last year, which suggests a negative year over year growth rate of 7.8%. The company is scheduled to report its next earnings results after the market closes on Monday, July 29th.

According to Zacks, analysts expect that Brixmor Property Group will report full year earnings of $1.90 per share for the current year, with EPS estimates ranging from $1.88 to $1.91. For the next year, analysts expect that the firm will post earnings of $1.96 per share, with EPS estimates ranging from $1.93 to $1.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.26). The company had revenue of $291.10 million during the quarter, compared to analysts’ expectations of $290.85 million. Brixmor Property Group had a return on equity of 12.96% and a net margin of 30.47%. Brixmor Property Group’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday. KeyCorp set a $20.00 price target on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Wednesday, June 19th. Stifel Nicolaus boosted their price target on shares of Western Digital from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.89.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC purchased a new stake in Brixmor Property Group during the first quarter valued at about $2,917,000. Rhumbline Advisers increased its position in shares of Brixmor Property Group by 144.2% during the first quarter. Rhumbline Advisers now owns 772,347 shares of the real estate investment trust’s stock valued at $14,188,000 after buying an additional 456,087 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Brixmor Property Group during the first quarter valued at about $966,000. First Trust Advisors LP increased its position in shares of Brixmor Property Group by 19.7% during the first quarter. First Trust Advisors LP now owns 800,573 shares of the real estate investment trust’s stock valued at $14,707,000 after buying an additional 131,654 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Brixmor Property Group by 73.1% during the first quarter. SG Americas Securities LLC now owns 81,075 shares of the real estate investment trust’s stock valued at $1,489,000 after buying an additional 34,229 shares during the period. 98.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:BRX traded down $0.38 during midday trading on Friday, reaching $17.74. The company had a trading volume of 2,519,798 shares, compared to its average volume of 2,409,932. The stock has a 50 day simple moving average of $18.02. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $5.40 billion, a PE ratio of 9.59, a P/E/G ratio of 2.12 and a beta of 0.73. Brixmor Property Group has a 52-week low of $14.11 and a 52-week high of $18.72.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, July 5th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend was Wednesday, July 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.

Brixmor Property Group Company Profile

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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Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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