Boenning Scattergood Analysts Decrease Earnings Estimates for Brixmor Property Group Inc. (NYSE:BRX)

Brixmor Property Group Inc. (NYSE:BRX) – Boenning Scattergood lowered their Q4 2018 earnings per share (EPS) estimates for shares of Brixmor Property Group in a research note issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.59. Boenning Scattergood currently has a “Hold” rating on the stock.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. The business had revenue of $322.80 million during the quarter, compared to analysts’ expectations of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share.

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Several other brokerages have also commented on BRX. Zacks Investment Research lowered shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Citigroup Inc. increased their price objective on shares of Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday. Barclays PLC decreased their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, June 16th. Finally, BidaskClub raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Brixmor Property Group presently has an average rating of “Hold” and a consensus target price of $26.25.

Shares of Brixmor Property Group (BRX) traded down 1.17% on Monday, reaching $19.46. 924,070 shares of the company’s stock traded hands. The company has a market cap of $5.93 billion, a PE ratio of 19.94 and a beta of 0.53. The stock has a 50-day moving average price of $18.58 and a 200-day moving average price of $20.68. Brixmor Property Group has a 12-month low of $17.35 and a 12-month high of $29.14.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is presently 106.12%.

In other Brixmor Property Group news, Director John Schreiber purchased 10,000 shares of Brixmor Property Group stock in a transaction on Thursday, May 11th. The stock was bought at an average cost of $18.85 per share, with a total value of $188,500.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $188,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Brixmor Property Group by 8.4% in the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 554 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Brixmor Property Group during the first quarter worth about $131,000. Mn Services Vermogensbeheer B.V. raised its position in Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 341 shares in the last quarter. LS Investment Advisors LLC raised its position in Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 1,420 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in Brixmor Property Group by 58.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 3,538 shares in the last quarter.

Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

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

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