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

Brixmor Property Group (NYSE:BRX) will issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce 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 that wish to register for the company’s earnings conference call can do so using this link.

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

BRX opened at $21.72 on Friday. The company has a fifty day simple moving average of $22.38 and a 200 day simple moving average of $22.16. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.62 and a beta of 1.53. Brixmor Property Group has a twelve month low of $19.40 and a twelve month high of $24.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.273 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a yield of 5.03%. The ex-dividend date was Monday, April 1st. Brixmor Property Group’s dividend payout ratio (DPR) is currently 107.92%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

BRX has been the subject of several recent analyst reports. Mizuho reissued a “neutral” rating and set a $24.00 price objective (up from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Truist Financial reissued a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Finally, The Goldman Sachs Group decreased their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.