Brixmor Property Group (NYSE:BRX – Get Rating) will report earnings results after the market close on Monday, May 2nd. Analysts expect the company to report earnings of $0.47 per share for the quarter. Brixmor Property Group has set its guidance for fiscal 2022 at $1,860 to $1,950 per share. Investors interested in participating in the company’s conference call can do so through this link.
Brixmor Property Group (NYSE:BRX – Get Rating) last released its quarterly earnings results on Monday, February 7th. The Real Estate Investment Trust reported earnings per share of $0.27 for the quarter, beating Zacks’ consensus estimate of $0.18 by $0.09. Brixmor Property Group had a return on equity of 10.02% and a net margin of 23.45%. The company had revenue of $295.32 million for the quarter, compared to analysts’ expectations of $285.40 million. In the same period last year, the company posted $0.33 per share. The company’s revenue increased 9.6% year over year. On average, analysts expect Brixmor Property Group to report earnings per share of $2 for the current fiscal year and $2 for the next fiscal year.
BRX stock opened at $26.00 on Monday. The company has a 50-day moving average price of $25.38 and a 200-day moving average price of $24.83. Brixmor Property Group has a 52-week low of $21.01 and a 52-week high of $27.19. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 28.89, a price-to-earnings ratio of 1.88 and a beta of 1.62. The company has a leverage ratio of 1.90, a current ratio of 1.12 and a quick ratio of 1.12.
The company also recently announced a quarterly dividend, which was paid on Monday, April 18th. A dividend of $0.24 was paid to shareholders of record on Tuesday, April 5th. The ex-dividend date was Monday April 4th. That equates to an annualized dividend of $0.96 and a dividend yield of 3.69%. Brixmor Property Group’s Dividend Payout Ratio (DPR) is currently 106.67%.
Several equity analysts have recently commented on BRX stocks. Deutsche Bank Aktiengesellschaft has raised its target price on Brixmor Property Group from $27.00 to $28.00 and rated the company as “hold” in a research note on Thursday, March 31st. KeyCorp raised its price target on Brixmor Property Group to $29.00 from $26.00 and rated the company as “overweight” in a research note on Thursday, January 13. Truist Financial has upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised its price target on the company to $29.00 from $26.00 in a research note on Tuesday 18th Zacks Investment Research downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Monday 28 February. Finally, Wells Fargo & Company raised its price target on Brixmor Property Group to $26.00 from $24.00 and gave the company a rating on Thursday the 7th. Eight investment analysts have rated the stock with a hold rating and six with a buy rating. rated. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target of $27.46.
In other Brixmor Property Group news, CEO James M. Taylor, Jr. sold 20,000 shares of Brixmor Property Group stock in a transaction dated Tuesday, April 19. The stock sold at an average price of $26.50 for a total transaction of $530,000.00. Following the transaction, the Chief Executive Officer now directly owns 506,661 shares of the Company, valued at $13,426,516.50. The transaction was disclosed in a filing with the SEC, available at this hyperlink. Also, insider Brian T. Finnegan sold 5,000 shares of Brixmor Property Group in a transaction on Friday, April 1st. The stock sold at an average price of $25.84 for a total value of $129,200.00. Following the transaction, the insider now owns 150,682 shares of the company’s stock valued at $3,893,622.88. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of the company’s stock valued at $1,815,950 over the past 90 days. 0.64% of the shares are owned by company insiders.
Hedge funds have recently bought and sold shares in the company. NEXT Financial Group Inc increased its stake in Brixmor Property Group by 86.5% in the fourth quarter. NEXT Financial Group Inc now owns 19,432 shares of the real estate investment trust valued at $494,000 after purchasing an additional 9,010 shares last quarter. Squarepoint Ops LLC acquired a new interest in Brixmor Property Group stock valued at approximately $835,000 during the fourth quarter. LPL Financial LLC increased its ownership of shares in Brixmor Property Group by 7.4% in the third quarter. LPL Financial LLC now owns 38,440 shares of the Real Estate Investment Trust worth $850,000 after purchasing an additional 2,647 shares last quarter. Mackenzie Financial Corp acquired a new interest in Brixmor Property Group stock valued at approximately $1,172,000 during the fourth quarter. Finally, Metropolitan Life Insurance Co NY increased its holdings of shares in Brixmor Property Group by 6.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 72,702 shares of the real estate investment trust worth $1,847,000 after purchasing an additional 4,611 shares last quarter. Hedge funds and other institutional investors own 95.21% of the company’s shares.
About Brixmor Property Group (received rating)
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a quality national portfolio of open-air shopping centers. Its 395 retail centers encompass approximately 69 million square feet of prime retail space in established business parks. The Company strives to own and operate shopping centers that reflect Brixmor’s vision of “being 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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