Brixmor Property Group (NYSE:BRX) announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.24), Fidelity Earnings reports. Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The firm had revenue of $291.00 million during the quarter, compared to the consensus estimate of $286.99 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis.
NYSE BRX opened at $19.00 on Wednesday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.74. Brixmor Property Group has a twelve month low of $14.11 and a twelve month high of $19.20. The firm has a fifty day moving average of $18.34. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.78.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 4th will be issued a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 5.89%. Brixmor Property Group’s payout ratio is 60.54%.
A number of research analysts have recently commented on BRX shares. ValuEngine cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. KeyCorp set a $20.00 price target on Brixmor Property Group and gave the company a “buy” rating in a research note on Wednesday, June 19th. Zacks Investment Research cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Stifel Nicolaus increased their price objective on Brixmor Property Group from $17.50 to $18.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets restated a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.75.
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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