Brixmor Property Group Inc. (BRX) Updates FY17 Earnings Guidance

Brixmor Property Group Inc. (NYSE:BRX) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.05-2.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.10.

Shares of Brixmor Property Group Inc. (NYSE BRX) opened at 18.00 on Tuesday. The stock has a market cap of $5.49 billion, a PE ratio of 18.44 and a beta of 0.54. The company’s 50-day moving average is $18.78 and its 200 day moving average is $18.96. Brixmor Property Group Inc. has a 52 week low of $17.32 and a 52 week high of $25.46.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The firm had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. During the same period last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts forecast that Brixmor Property Group Inc. will post $0.86 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on BRX shares. BMO Capital Markets reiterated a hold rating and set a $20.00 price target on shares of Brixmor Property Group in a report on Tuesday. Royal Bank Of Canada reiterated a hold rating and set a $23.00 price target on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Brixmor Property Group from a sell rating to a hold rating in a report on Wednesday, October 25th. Boenning Scattergood reiterated a hold rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Finally, Barclays PLC reiterated a hold rating and set a $22.00 price target on shares of Brixmor Property Group in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $23.50.

In related news, insider James M. Taylor, Jr. bought 15,600 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased 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 in the company, valued at $4,325,017.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Schreiber bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $18.72 per share, with a total value of $187,200.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $374,400. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/10/31/brixmor-property-group-inc-brx-updates-fy17-earnings-guidance.html.

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)

What are top analysts saying about Brixmor Property Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Brixmor Property Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit