KeyCorp Weighs in on Brixmor Property Group Inc’s Q1 2019 Earnings (BRX)

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Brixmor Property Group Inc (NYSE:BRX) – Equities research analysts at KeyCorp cut their Q1 2019 EPS estimates for shares of Brixmor Property Group in a research note issued to investors on Monday, February 18th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will earn $0.46 per share for the quarter, down from their prior estimate of $0.47. KeyCorp currently has a “Overweight” rating and a $18.00 target price on the stock. KeyCorp also issued estimates for Brixmor Property Group’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.47 EPS, Q4 2019 earnings at $0.47 EPS, FY2019 earnings at $1.87 EPS, Q1 2020 earnings at $0.48 EPS, Q2 2020 earnings at $0.48 EPS, Q3 2020 earnings at $0.49 EPS, Q4 2020 earnings at $0.49 EPS and FY2020 earnings at $1.94 EPS.

Several other analysts have also recently issued reports on BRX. Zacks Investment Research upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a research note on Monday, February 11th. ValuEngine upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Wells Fargo & Co cut their price target on Brixmor Property Group from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Finally, JPMorgan Chase & Co. cut Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.35.

Shares of NYSE BRX opened at $17.57 on Wednesday. The firm has a market capitalization of $5.31 billion, a PE ratio of 9.50, a P/E/G ratio of 2.67 and a beta of 0.79. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.59 and a current ratio of 0.59. Brixmor Property Group has a 12-month low of $13.84 and a 12-month high of $18.71.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.17). The business had revenue of $297.66 million during the quarter, compared to analysts’ expectations of $302.22 million. Brixmor Property Group had a return on equity of 12.82% and a net margin of 29.67%.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, April 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Thursday, April 4th. Brixmor Property Group’s dividend payout ratio (DPR) is currently 60.54%.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Brixmor Property Group by 2.5% during the fourth quarter. BlackRock Inc. now owns 22,433,748 shares of the real estate investment trust’s stock worth $329,552,000 after buying an additional 556,452 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Brixmor Property Group by 14.5% during the 3rd quarter. Cohen & Steers Inc. now owns 18,397,281 shares of the real estate investment trust’s stock valued at $322,136,000 after acquiring an additional 2,326,047 shares during the period. Morgan Stanley lifted its position in shares of Brixmor Property Group by 9.2% during the 3rd quarter. Morgan Stanley now owns 10,528,243 shares of the real estate investment trust’s stock valued at $184,349,000 after acquiring an additional 885,944 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Brixmor Property Group by 7.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,166,574 shares of the real estate investment trust’s stock valued at $178,017,000 after acquiring an additional 722,687 shares during the period. Finally, FMR LLC lifted its position in shares of Brixmor Property Group by 1.0% during the 3rd quarter. FMR LLC now owns 7,393,554 shares of the real estate investment trust’s stock valued at $129,461,000 after acquiring an additional 74,198 shares during the period. Institutional investors and hedge funds own 98.80% 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 445 retail centers comprise approximately 77 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.

Further Reading: Net Income

Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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