Brixmor Property Group Inc (NYSE:BRX) – Stock analysts at KeyCorp reduced their Q2 2020 earnings per share (EPS) estimates for shares of Brixmor Property Group in a research report issued on Wednesday, February 12th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $0.48 per share for the quarter, down from their previous forecast of $0.49. KeyCorp currently has a “Overweight” rating and a $24.00 price target on the stock. KeyCorp also issued estimates for Brixmor Property Group’s Q3 2020 earnings at $0.49 EPS, Q1 2021 earnings at $0.50 EPS, Q2 2021 earnings at $0.51 EPS, Q3 2021 earnings at $0.51 EPS, Q4 2021 earnings at $0.51 EPS and FY2021 earnings at $2.02 EPS.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.27). The company had revenue of $293.10 million for the quarter, compared to analysts’ expectations of $294.14 million. Brixmor Property Group had a net margin of 23.52% and a return on equity of 9.91%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. upgraded Brixmor Property Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $22.00 to $24.00 in a research note on Wednesday, December 18th. SunTrust Banks lowered Brixmor Property Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $23.00 to $21.00 in a research note on Wednesday, January 15th. ValuEngine lowered Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Evercore ISI lowered Brixmor Property Group from an “outperform” rating to an “in-line” rating in a research note on Wednesday, November 27th. Finally, BMO Capital Markets lowered Brixmor Property Group from a “market perform” rating to an “underperform” rating and set a $19.00 price objective for the company. in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.75.

NYSE BRX opened at $20.51 on Friday. The stock has a 50-day simple moving average of $20.77 and a two-hundred day simple moving average of $20.45. The firm has a market capitalization of $6.10 billion, a P/E ratio of 22.29, a PEG ratio of 2.49 and a beta of 0.81. Brixmor Property Group has a fifty-two week low of $16.85 and a fifty-two week high of $22.74. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.50 and a current ratio of 0.50.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, April 6th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Friday, April 3rd. This represents a $1.14 annualized dividend and a dividend yield of 5.56%. Brixmor Property Group’s dividend payout ratio is presently 59.69%.

In related news, insider Brian T. Finnegan sold 3,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $21.00, for a total value of $63,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Steven F. Siegel sold 7,500 shares of Brixmor Property Group stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $22.01, for a total value of $165,075.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,500 shares of company stock valued at $605,250. 0.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of BRX. Westfield Capital Management Co. LP acquired a new stake in Brixmor Property Group in the 4th quarter worth about $78,433,000. Bank of Montreal Can boosted its holdings in Brixmor Property Group by 11,397.1% in the 4th quarter. Bank of Montreal Can now owns 2,645,596 shares of the real estate investment trust’s stock worth $57,172,000 after buying an additional 2,622,585 shares during the last quarter. Miller Howard Investments Inc. NY acquired a new stake in Brixmor Property Group in the 3rd quarter worth about $49,019,000. Russell Investments Group Ltd. boosted its holdings in Brixmor Property Group by 131.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,639,881 shares of the real estate investment trust’s stock worth $56,982,000 after buying an additional 1,500,908 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Brixmor Property Group by 19.0% in the 4th quarter. LSV Asset Management now owns 4,409,064 shares of the real estate investment trust’s stock worth $95,279,000 after buying an additional 704,131 shares during the last quarter. Institutional investors own 99.20% of the company’s stock.

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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