FY2022 EPS Estimates for Brixmor Property Group Inc. (NYSE:BRX) Increased by KeyCorp

Brixmor Property Group Inc. (NYSE:BRX – Get Rating) – Stock analysts at KeyCorp upped their FY2022 earnings per share estimates for Brixmor Property Group in a research note issued on Monday, June 27th. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings of $1.95 per share for the year, up from their prior estimate of $1.93. KeyCorp currently has a “Overweight” rating and a $26.00 target price on the stock. The consensus estimate for Brixmor Property Group’s current full-year earnings is $1.94 per share.

Other equities analysts also recently issued reports about the company. StockNews.com assumed coverage on Brixmor Property Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler decreased their price target on Brixmor Property Group to $28.00 in a research note on Friday, May 20th. Wells Fargo & Company lifted their price target on Brixmor Property Group from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 7th. Truist Financial decreased their price target on Brixmor Property Group from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Finally, TheStreet downgraded Brixmor Property Group from a “b-” rating to a “c+” rating in a research note on Monday, May 23rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.54.

Shares of NYSE BRX opened at $20.64 on Wednesday. Brixmor Property Group has a 1 year low of $19.42 and a 1 year high of $27.19. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.47 and a beta of 1.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50-day simple moving average is $23.12 and its 200-day simple moving average is $24.47.

Brixmor Property Group (NYSE:BRX – Get Rating) last announced its earnings results on Monday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Brixmor Property Group had a return on equity of 10.92% and a net margin of 25.39%. During the same quarter last year, the business earned $0.44 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Tuesday, July 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, July 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.65%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 97.96%.

In related news, CEO James M. Taylor, Jr. sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $26.50, for a total transaction of $530,000.00. Following the sale, the chief executive officer now owns 506,661 shares of the company’s stock, valued at $13,426,516.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian T. Finnegan sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $25.14, for a total value of $125,700.00. Following the sale, the insider now directly owns 145,682 shares in the company, valued at approximately $3,662,445.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,000 shares of company stock worth $784,900. Corporate insiders own 0.64% of the company’s stock.

A number of large investors have recently made changes to their positions in BRX. Allworth Financial LP increased its holdings in shares of Brixmor Property Group by 123.0% in the fourth quarter. Allworth Financial LP now owns 1,155 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 637 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Brixmor Property Group in the first quarter valued at $43,000. Prospera Financial Services Inc bought a new position in shares of Brixmor Property Group in the first quarter valued at $43,000. Covestor Ltd increased its holdings in shares of Brixmor Property Group by 170.2% in the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,159 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Brixmor Property Group by 47,125.0% in the first quarter. Meeder Asset Management Inc. now owns 1,889 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,885 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Company Profile (Get Rating)

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.

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