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

Brixmor Property Group (NYSE:BRX) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Brixmor Property Group to post earnings of $0.51 per share for the quarter. Brixmor Property Group has set its FY 2024 guidance at 2.060-2.100 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). The firm had revenue of $316.49 million during the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. 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 Performance

Shares of Brixmor Property Group stock opened at $21.72 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of 21.51, a P/E/G ratio of 2.63 and a beta of 1.53. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50-day simple moving average of $22.35 and a two-hundred day simple moving average of $22.17. Brixmor Property Group has a one year low of $19.40 and a one year high of $24.47.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.273 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, April 1st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 5.03%. Brixmor Property Group’s payout ratio is presently 107.92%.

Insider Activity at Brixmor Property Group

In related news, Director Michael B. Berman sold 10,475 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the transaction, the director now directly owns 40,556 shares of the company’s stock, valued at $925,487.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the transaction, the insider now directly owns 225,051 shares of the company’s stock, valued at $5,176,173. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Analysts Set New Price Targets

BRX has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Truist Financial restated a “buy” rating and set a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. The Goldman Sachs Group dropped their price target on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on Brixmor Property Group in a research note on Tuesday, January 30th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Mizuho restated a “neutral” rating and set a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.38.

About Brixmor Property Group

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.