Brokers Offer Predictions for Brixmor Property Group Inc’s FY2018 Earnings (BRX)

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Brixmor Property Group Inc (NYSE:BRX) – Equities researchers at KeyCorp lowered their FY2018 earnings per share (EPS) estimates for shares of Brixmor Property Group in a report issued on Wednesday, October 31st. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings per share of $2.01 for the year, down from their previous forecast of $2.02. KeyCorp has a “Overweight” rating and a $18.00 price objective on the stock. KeyCorp also issued estimates for Brixmor Property Group’s Q4 2018 earnings at $0.49 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.49 EPS and Q4 2019 earnings at $0.50 EPS.

Other analysts have also issued research reports about the company. Stifel Nicolaus boosted their target price on Brixmor Property Group from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. Sandler O’Neill lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Scotiabank assumed coverage on Brixmor Property Group in a research report on Tuesday, October 16th. They issued an “outperform” rating on the stock. ValuEngine lowered Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Finally, Citigroup boosted their target price on Brixmor Property Group from $16.50 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Shares of NYSE BRX opened at $16.20 on Thursday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 2.20 and a beta of 0.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.69 and a current ratio of 0.63. Brixmor Property Group has a 52-week low of $13.74 and a 52-week high of $18.83.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $306.48 million for the quarter, compared to analyst estimates of $301.87 million. Brixmor Property Group had a return on equity of 12.47% and a net margin of 28.54%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, January 4th will be paid a $0.28 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.12 annualized dividend and a dividend yield of 6.91%. Brixmor Property Group’s payout ratio is 52.63%.

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in shares of Brixmor Property Group by 175.9% in the second quarter. Russell Investments Group Ltd. now owns 3,291,534 shares of the real estate investment trust’s stock worth $57,675,000 after acquiring an additional 2,098,559 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Brixmor Property Group by 26.5% during the second quarter. Bank of America Corp DE now owns 1,955,044 shares of the real estate investment trust’s stock worth $34,077,000 after purchasing an additional 410,028 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Brixmor Property Group by 86.4% during the second quarter. Riverhead Capital Management LLC now owns 305,050 shares of the real estate investment trust’s stock worth $5,317,000 after purchasing an additional 141,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brixmor Property Group by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,400 shares of the real estate investment trust’s stock worth $1,332,000 after purchasing an additional 7,949 shares in the last quarter. Finally, Timbercreek Investment Management Inc. grew its stake in shares of Brixmor Property Group by 64.0% during the third quarter. Timbercreek Investment Management Inc. now owns 765,910 shares of the real estate investment trust’s stock worth $13,411,000 after purchasing an additional 299,000 shares in the last quarter.

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 471 retail centers comprise approximately 80 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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