Brixmor Property Group (NYSE:BRX) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Brixmor Property Group (NYSE:BRX - Get Free Report) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01, Zacks reports. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%.

Brixmor Property Group Stock Up 0.9 %

NYSE:BRX traded up $0.24 during midday trading on Monday, reaching $26.02. The company had a trading volume of 2,658,654 shares, compared to its average volume of 2,220,119. The stock's fifty day simple moving average is $25.92 and its 200-day simple moving average is $27.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group has a 12-month low of $21.32 and a 12-month high of $30.67. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.42%. Brixmor Property Group's payout ratio is 103.60%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BRX shares. Scotiabank lowered their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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