Brixmor Property Group Inc. (NYSE:BRX) – Equities researchers at SunTrust Banks dropped their Q4 2017 earnings per share estimates for shares of Brixmor Property Group in a research report issued to clients and investors on Thursday. SunTrust Banks analyst K. Kim now anticipates that the real estate investment trust will post earnings of $0.50 per share for the quarter, down from their prior estimate of $0.52. SunTrust Banks also issued estimates for Brixmor Property Group’s FY2018 earnings at $2.01 EPS, FY2019 earnings at $2.04 EPS, FY2020 earnings at $2.14 EPS and FY2021 earnings at $2.24 EPS.

Several other equities analysts have also issued reports on BRX. Barclays reaffirmed a “hold” rating and set a $22.00 price target on shares of Brixmor Property Group in a research note on Monday, August 14th. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 14th. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a research note on Friday, August 25th. ValuEngine lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets initiated coverage on Brixmor Property Group in a research note on Monday, September 11th. They set a “market perform” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.00.

Brixmor Property Group (BRX) opened at $17.93 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70. Brixmor Property Group has a one year low of $17.23 and a one year high of $25.34. The stock has a market capitalization of $5,433.98, a price-to-earnings ratio of 8.45, a PEG ratio of 1.92 and a beta of 0.52.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The business had revenue of $314.50 million during the quarter, compared to analyst estimates of $317.31 million. During the same period in the prior year, the firm posted $0.51 EPS. Brixmor Property Group’s revenue for the quarter was down 1.3% compared to the same quarter last year.

Brixmor Property Group announced that its Board of Directors has initiated a stock repurchase program on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 6.13%. 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. Brixmor Property Group’s dividend payout ratio is currently 98.11%.

In related news, EVP Mark Horgan acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the acquisition, the executive vice president now owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its holdings in Brixmor Property Group by 3.8% in 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 purchasing an additional 79,331 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Brixmor Property Group by 31.6% in the second quarter. Rhumbline Advisers now owns 331,323 shares of the real estate investment trust’s stock worth $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% in the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock worth $519,713,000 after acquiring an additional 7,543,528 shares in the last quarter. Swiss National Bank increased its holdings in shares of Brixmor Property Group by 1.0% in the third quarter. Swiss National Bank now owns 1,120,650 shares of the real estate investment trust’s stock worth $21,068,000 after acquiring an additional 11,600 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Brixmor Property Group by 20.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 120,208 shares of the real estate investment trust’s stock worth $2,260,000 after acquiring an additional 20,228 shares in the last quarter. Institutional investors and hedge funds own 98.57% of the company’s stock.

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About Brixmor Property Group

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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