Brixmor Property Group (NYSE:BRX) announced its earnings results on Sunday. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.22), MarketWatch Earnings reports. The business had revenue of $279.75 million for the quarter, compared to analyst estimates of $265.51 million. Brixmor Property Group had a return on equity of 6.07% and a net margin of 14.75%. Brixmor Property Group’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS.

Shares of NYSE:BRX traded down $0.21 during midday trading on Tuesday, hitting $22.09. 2,313,411 shares of the stock were exchanged, compared to its average volume of 2,460,089. The stock has a market cap of $6.56 billion, a P/E ratio of 42.08 and a beta of 1.63. Brixmor Property Group has a twelve month low of $8.70 and a twelve month high of $22.90. The company has a 50 day moving average price of $20.92 and a 200-day moving average price of $17.49. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 2.02.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Monday, April 5th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, April 1st. Brixmor Property Group’s dividend payout ratio is currently 45.03%.

In other news, insider Carolyn Carter Singh sold 5,000 shares of the stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the sale, the insider now directly owns 233,768 shares in the company, valued at $5,142,896. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angela M. Aman sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $22.00, for a total transaction of $165,000.00. Following the transaction, the chief financial officer now directly owns 102,469 shares of the company’s stock, valued at $2,254,318. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,000 shares of company stock worth $636,800. 0.44% of the stock is owned by corporate insiders.

Several brokerages have weighed in on BRX. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 14th. Bank of America upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $18.50 in a research report on Tuesday, January 19th. The Goldman Sachs Group restated a “neutral” rating and set a $22.00 price objective (up previously from $20.00) on shares of Brixmor Property Group in a research report on Monday, March 15th. Mizuho lifted their target price on shares of Brixmor Property Group from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 23rd. Finally, Truist increased their price target on shares of Brixmor Property Group from $17.00 to $20.00 in a report on Friday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Brixmor Property Group has a consensus rating of “Hold” and a consensus target price of $16.23.

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 395 retail centers comprise approximately 69 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: Holder of Record

Earnings History for Brixmor Property Group (NYSE:BRX)

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