Brixmor Property Group (BRX) Scheduled to Post Earnings on Monday

Brixmor Property Group (NYSE:BRX) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Brixmor Property Group to post earnings of $0.53 per share for the quarter. Brixmor Property Group has set its FY24 guidance at $2.11-2.14 EPS and its FY 2024 guidance at 2.110-2.140 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect Brixmor Property Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brixmor Property Group Trading Up 1.9 %

Shares of NYSE:BRX opened at $28.35 on Monday. The company has a 50-day simple moving average of $27.23 and a 200 day simple moving average of $24.35. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $8.54 billion, a P/E ratio of 30.48, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a 52-week low of $19.55 and a 52-week high of $28.45.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.2725 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 3.84%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.20%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Evercore ISI raised their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research note on Tuesday, July 30th. KeyCorp lifted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $28.38.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.76% 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 362 retail centers comprise approximately 64 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.