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

Brixmor Property Group (NYSE:BRX) will be posting its quarterly earnings results 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.Investors that are interested in participating in the company’s 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 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. During the same quarter last year, the business posted $0.52 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. 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

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 firm has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $24.52. Brixmor Property Group has a twelve month low of $19.63 and a twelve month high of $28.45. The company has a market capitalization of $8.28 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 3.97%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.20%.

Analyst Ratings Changes

Several research firms have weighed in on BRX. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday, July 30th. 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 report on Monday, September 16th. Mizuho lifted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Piper Sandler reiterated an “overweight” rating and set a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Finally, 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 report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $28.38.

Insider Buying and Selling

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. This trade 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 available at the SEC website. Corporate insiders own 0.76% 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 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.