Analysts Expect Brixmor Property Group Inc (BRX) Will Post Quarterly Sales of $290.60 Million

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Equities analysts predict that Brixmor Property Group Inc (NYSE:BRX) will announce sales of $290.60 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Brixmor Property Group’s earnings. The lowest sales estimate is $284.30 million and the highest is $296.52 million. Brixmor Property Group posted sales of $317.18 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.4%. The business is scheduled to issue its next earnings report after the market closes on Monday, April 29th.

On average, analysts expect that Brixmor Property Group will report full-year sales of $1.17 billion for the current year, with estimates ranging from $1.13 billion to $1.21 billion. For the next year, analysts forecast that the company will post sales of $1.20 billion, with estimates ranging from $1.14 billion to $1.25 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17). Brixmor Property Group had a return on equity of 12.82% and a net margin of 29.67%. The business had revenue of $297.66 million for the quarter, compared to analysts’ expectations of $302.22 million.

A number of analysts recently issued reports on BRX shares. ValuEngine upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. BMO Capital Markets restated a “hold” rating and set a $17.00 target price on shares of Brixmor Property Group in a research report on Monday, February 11th. Zacks Investment Research lowered shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Finally, Barclays restated a “hold” rating and set a $17.00 target price on shares of Brixmor Property Group in a research report on Wednesday, March 6th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.39.

Shares of BRX traded up $0.10 during mid-day trading on Friday, reaching $17.73. 1,969,851 shares of the company’s stock were exchanged, compared to its average volume of 4,006,253. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.59 and a quick ratio of 0.59. Brixmor Property Group has a 52-week low of $13.84 and a 52-week high of $18.71. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, April 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.32%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.

Large investors have recently bought and sold shares of the stock. First Hawaiian Bank lifted its holdings in shares of Brixmor Property Group by 231.7% during the 4th quarter. First Hawaiian Bank now owns 6,900 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 4,820 shares in the last quarter. Prudential PLC acquired a new position in shares of Brixmor Property Group during the 4th quarter valued at $154,000. Private Advisor Group LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter valued at $184,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Brixmor Property Group during the 4th quarter valued at $190,000. Finally, AlphaCrest Capital Management LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter valued at $222,000. Institutional investors and hedge funds own 98.75% 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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