Brixmor Property Group Inc. (NYSE:BRX) – Investment analysts at KeyCorp lowered their FY2017 EPS estimates for Brixmor Property Group in a research note issued on Tuesday. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will earn $2.09 per share for the year, down from their previous forecast of $2.12. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Brixmor Property Group’s FY2018 earnings at $2.08 EPS.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. ILLEGAL ACTIVITY WARNING: “FY2017 Earnings Forecast for Brixmor Property Group Inc. Issued By KeyCorp (BRX)” was originally published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/11/10/fy2017-earnings-forecast-for-brixmor-property-group-inc-issued-by-keycorp-brx.html.

BRX has been the subject of a number of other reports. Barclays PLC reissued a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a research note on Monday, August 14th. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Boenning Scattergood set a $22.00 price objective on Brixmor Property Group and gave the company a “buy” rating in a report on Wednesday, November 1st. BMO Capital Markets started coverage on Brixmor Property Group in a report on Monday, September 11th. They issued a “market perform” rating and a $20.00 price objective for the company. Finally, ValuEngine upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.39.

Shares of Brixmor Property Group (BRX) opened at $17.91 on Friday. The stock has a market cap of $5,382.14, a price-to-earnings ratio of 8.36, a PEG ratio of 1.65 and a beta of 0.51. Brixmor Property Group has a one year low of $17.23 and a one year high of $25.34. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70.

Institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Brixmor Property Group by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,183,228 shares of the real estate investment trust’s stock valued at $39,037,000 after acquiring an additional 79,331 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Brixmor Property Group by 31.6% during the second quarter. Rhumbline Advisers now owns 331,323 shares of the real estate investment trust’s stock valued at $5,924,000 after acquiring an additional 79,600 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Brixmor Property Group by 35.0% during the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after acquiring an additional 7,543,528 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Brixmor Property Group by 659.1% during the second quarter. SG Americas Securities LLC now owns 87,764 shares of the real estate investment trust’s stock valued at $1,569,000 after acquiring an additional 76,202 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of Brixmor Property Group by 16.6% during the second quarter. LSV Asset Management now owns 609,797 shares of the real estate investment trust’s stock valued at $10,903,000 after acquiring an additional 86,800 shares in the last quarter.

In other news, insider James M. Taylor, Jr. bought 15,600 shares of Brixmor Property Group stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the acquisition, the insider now owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Horgan bought 3,000 shares of Brixmor Property Group stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $17.64 per share, with a total value of $52,920.00. Following the completion of the acquisition, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The disclosure for this purchase can be found here. Insiders acquired 28,600 shares of company stock valued at $540,264 over the last quarter. 0.27% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a yield of 6.14%. Brixmor Property Group’s payout ratio is currently 98.11%.

Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

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

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