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

Brixmor Property Group (NYSE:BRX) is set to release its earnings data 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The firm had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 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 Down 1.5 %

Shares of NYSE:BRX opened at $27.47 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. The company has a fifty day simple moving average of $27.46 and a 200 day simple moving average of $24.52. The firm has a market cap of $8.28 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a 12-month low of $19.63 and a 12-month high of $28.45.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were paid a $0.2725 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.97%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.20%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BRX. StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group lifted their price target on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Evercore ISI lifted their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $24.00 to $25.50 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price 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, July 31st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.38.

Insider Transactions at Brixmor Property Group

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.76% of the company’s stock.

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.