Brixmor Property Group Inc (NYSE:BRX) – Investment analysts at KeyCorp issued their FY2019 EPS estimates for Brixmor Property Group in a research note issued to investors on Monday. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $2.03 for the year.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 return on equity of 11.08% and a net margin of 25.14%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS.
Shares of Brixmor Property Group (NYSE BRX) traded down $0.37 during mid-day trading on Tuesday, reaching $16.25. 3,138,575 shares of the company’s stock traded hands, compared to its average volume of 3,039,954. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $5,098.55, a price-to-earnings ratio of 15.30, a PEG ratio of 2.08 and a beta of 0.52. Brixmor Property Group has a one year low of $16.19 and a one year high of $24.64.
Several hedge funds and other institutional investors have recently bought and sold shares of BRX. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Brixmor Property Group in the third quarter valued at approximately $100,000. Meeder Asset Management Inc. lifted its stake in Brixmor Property Group by 621.1% in the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Brixmor Property Group by 159.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 5,203 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Brixmor Property Group in the third quarter worth approximately $191,000. Finally, IFM Investors Pty Ltd purchased a new position in Brixmor Property Group in the third quarter worth approximately $197,000. 98.65% of the stock is owned by institutional investors and hedge funds.
In other Brixmor Property Group news, EVP Mark Horgan acquired 3,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was acquired at an average price of $17.64 per share, with a total value of $52,920.00. Following the completion of the purchase, the executive vice president now owns 56,703 shares in the company, valued at approximately $1,000,240.92. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.
Brixmor Property Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, December 5th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
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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.
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