Brixmor Property Group (NYSE:BRX) Posts Earnings Results, Beats Estimates By $0.37 EPS

by · The Markets Daily

Brixmor Property Group (NYSE:BRX – Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.37, Zacks reports. The company had revenue of $359.60 million during the quarter, compared to analysts’ expectations of $357.28 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.04 during trading hours on Monday, hitting $28.17. The stock had a trading volume of 3,029,103 shares, compared to its average volume of 2,744,631. The company’s fifty day moving average is $28.32 and its two-hundred day moving average is $29.97. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. Brixmor Property Group has a 52 week low of $24.66 and a 52 week high of $32.86. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.18 and a beta of 0.97.

Wall Street Analyst Weigh In

BRX has been the topic of a number of analyst reports. KeyCorp reissued an “overweight” rating and issued a $34.00 target price on shares of Brixmor Property Group in a research note on Wednesday, October 7th. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Mizuho decreased their price objective on Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Stifel Nicolaus upped their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.45.

View Our Latest Report on BRX

About Brixmor Property Group

(Get Free Report)

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.

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