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Brixmor Property Group (NYSE:BRX – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 1st. Analysts expect Brixmor Property Group to post earnings of $0.48 per share for the quarter. Brixmor Property Group has set its FY22 guidance at $1.88-1.95 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Brixmor Property Group (NYSE:BRX – Get Rating) last issued its earnings results on Monday, May 2nd. The real estate investment trust reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Brixmor Property Group had a return on equity of 10.92% and a net margin of 25.39%. During the same period in the prior year, the business earned $0.44 EPS. 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 Stock Up 0.4 %
Brixmor Property Group stock opened at $22.01 on Monday. Brixmor Property Group has a 52 week low of $19.42 and a 52 week high of $27.19. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.56 and a beta of 1.55. The business’s 50-day moving average price is $21.73 and its 200 day moving average price is $24.01. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.81.
Brixmor Property Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Tuesday, July 5th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, July 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.36%. Brixmor Property Group’s payout ratio is 97.96%.
Insider Activity at Brixmor Property Group
In other Brixmor Property Group news, insider Brian T. Finnegan sold 5,000 shares of Brixmor Property Group stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $25.14, for a total transaction of $125,700.00. Following the sale, the insider now owns 145,682 shares of the company’s stock, valued at approximately $3,662,445.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Brixmor Property Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in BRX. Vanguard Group Inc. raised its holdings in shares of Brixmor Property Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 45,190,584 shares of the real estate investment trust’s stock worth $1,166,369,000 after acquiring an additional 369,401 shares during the period. Wellington Management Group LLP raised its holdings in shares of Brixmor Property Group by 99.4% during the 1st quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after acquiring an additional 10,028,534 shares during the period. State Street Corp raised its holdings in shares of Brixmor Property Group by 13.6% during the 1st quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock worth $430,669,000 after acquiring an additional 2,001,159 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Brixmor Property Group by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,077,895 shares of the real estate investment trust’s stock worth $105,251,000 after acquiring an additional 167,734 shares during the period. Finally, Walleye Capital LLC raised its holdings in shares of Brixmor Property Group by 7.4% during the 1st quarter. Walleye Capital LLC now owns 683,644 shares of the real estate investment trust’s stock worth $17,645,000 after acquiring an additional 47,286 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.
Analyst Ratings Changes
BRX has been the topic of a number of analyst reports. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $27.00 to $22.50 in a research note on Wednesday, July 6th. StockNews.com initiated coverage on shares of Brixmor Property Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group initiated coverage on shares of Brixmor Property Group in a research note on Wednesday, June 22nd. They set an “outperform” rating and a $23.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Brixmor Property Group from $28.00 to $23.00 in a research note on Monday, July 11th. Finally, Truist Financial dropped their price objective on shares of Brixmor Property Group from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.89.
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 395 retail centers comprise approximately 69 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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