Piper Sandler Comments on Brixmor Property Group Inc’s Q1 2020 Earnings (NYSE:BRX)

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Brixmor Property Group Inc (NYSE:BRX) – Investment analysts at Piper Sandler issued their Q1 2020 earnings per share estimates for Brixmor Property Group in a research note issued on Tuesday, February 11th. Piper Sandler analyst A. Goldfarb anticipates that the real estate investment trust will earn $0.47 per share for the quarter. Piper Sandler also issued estimates for Brixmor Property Group’s Q2 2020 earnings at $0.48 EPS, Q3 2020 earnings at $0.48 EPS, Q4 2020 earnings at $0.50 EPS, FY2020 earnings at $1.93 EPS, Q1 2021 earnings at $0.50 EPS, Q2 2021 earnings at $0.50 EPS, Q3 2021 earnings at $0.51 EPS, Q4 2021 earnings at $0.51 EPS and FY2021 earnings at $2.02 EPS.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.27). The business had revenue of $293.10 million for the quarter, compared to analyst estimates of $294.14 million. Brixmor Property Group had a return on equity of 9.91% and a net margin of 23.52%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share.

Several other research analysts also recently weighed in on BRX. SunTrust Banks downgraded Brixmor Property Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $23.00 to $21.00 in a research note on Wednesday, January 15th. BMO Capital Markets downgraded Brixmor Property Group from a “market perform” rating to an “underperform” rating and set a $19.00 target price for the company. in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised Brixmor Property Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $22.00 to $24.00 in a research note on Wednesday, December 18th. Evercore ISI downgraded Brixmor Property Group from an “outperform” rating to an “in-line” rating in a research note on Wednesday, November 27th. Finally, KeyCorp upped their target price on Brixmor Property Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.75.

Shares of BRX stock opened at $20.64 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.49 and a beta of 0.81. The stock has a 50 day simple moving average of $20.75 and a 200-day simple moving average of $20.46. Brixmor Property Group has a 1-year low of $16.85 and a 1-year high of $22.74.

A number of hedge funds and other institutional investors have recently bought and sold shares of BRX. State Street Corp grew its holdings in Brixmor Property Group by 0.6% in the 3rd quarter. State Street Corp now owns 16,307,919 shares of the real estate investment trust’s stock valued at $330,888,000 after buying an additional 99,775 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Brixmor Property Group by 6.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,475,706 shares of the real estate investment trust’s stock valued at $232,843,000 after buying an additional 659,885 shares in the last quarter. LSV Asset Management grew its holdings in Brixmor Property Group by 19.0% in the 4th quarter. LSV Asset Management now owns 4,409,064 shares of the real estate investment trust’s stock valued at $95,279,000 after buying an additional 704,131 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Brixmor Property Group by 1.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,255,900 shares of the real estate investment trust’s stock valued at $91,970,000 after buying an additional 61,100 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Brixmor Property Group by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,189,221 shares of the real estate investment trust’s stock valued at $90,530,000 after buying an additional 145,102 shares in the last quarter. 99.20% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Steven F. Siegel sold 7,500 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $20.52, for a total value of $153,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian T. Finnegan sold 3,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.00, for a total value of $63,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,500 shares of company stock valued at $605,250. 0.40% of the stock is owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, April 6th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend is Friday, April 3rd. Brixmor Property Group’s dividend payout ratio is currently 59.69%.

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 425 retail centers comprise approximately 74 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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