Brixmor Property Group recently released its quarterly earnings report, revealing a revenue of $308.57 million – slightly less than the $310.70 million expected by analysts. The real estate investment trust also reported an EPS of $0.35 for the quarter, missing analysts’ predictions by $0.14.
The company’s net margin was reported as 29.08%, and it had a return on equity of 12.57%. Compared to the same period last year, Brixmor Property Group saw a 4.5% increase in quarterly revenue.
Institutional investors and hedge funds have taken notice of Brixmor Property Group, with Wellington Management Group LLP increasing its position in shares by 99.4% during the first quarter, and Franklin Resources Inc. increasing its position by 177.5% during the fourth quarter.
Norges Bank recently acquired a new position in shares valued at approximately $67,125,000, while State Street Corp now owns 16,686,118 shares worth $430,669,000 – an increase of 13.6%.
Shares in NYSE BRX opened at $20.35 on Monday and are currently trading at a market capitalization of $6.12 billion with a PE ratio of 17.54 and P/E/G ratio of 1.51 – indicative of fair valuation levels.
Despite falling short of expectations for Q1 in terms of EPS and revenue targets, Brixmor Property Group seems to be making significant progress under present economic conditions with moderate shift towards established interest owners who expand their existing holdings from time to time given this steady growth outlook.
Jefferies Financial Group increases Brixmor Property Group’s Q4 2024 earnings per share estimates
Brixmor Property Group Inc. is a real estate investment trust (REIT) that has continued to attract the attention of research analysts in recent times, with Jefferies Financial Group upping their Q4 2024 earnings per share (EPS) estimates for shares of Brixmor in a research note issued on April 14th, 2021. Their analyst, L. Tsai, now forecasts that the company will earn $0.54 per share for the quarter, up from their prior forecast of $0.53.
Jefferies’ assessment of Brixmor’s Q4 2024 earnings prospects exemplifies the firm’s commitment to providing its clientele with valuable and comprehensive market insights necessary for informed decision-making across various industries. Brixmor’s commercial properties portfolio spans over 400 open-air shopping centers comprising over seventy million square feet of leasable space spread across various primary markets.
Other noteworthy brokerages have also recently issued reports on BRX stock; StockNews.com reviewed Brixmor and assigned it a “hold” rating on March 16th, while The Goldman Sachs Group commenced coverage relating to Brixmor on March 21st, awarding a “neutral” rating and setting a $22 price objective on the stock.
The consensus estimate for Brixmor Property Group’s current full-year earnings stands at $2.00 per share, according to Jefferies Financial Group data from April 14th. The group also issued projections for its Q1 2025 earnings at $0.52 EPS.
Bloomberg.com’s data shows that despite one equities research analyst assigning a sell rating to the stock, four have assigned a hold rating just as eight brokers have given it positive reviews tailored as buy ratings collectively contributing to an overall moderate buy consensus rating projecting a target estimate of $24.12.
As part of its investor relations activity or engagement with shareholders, Brixmor Property Group has, in its current financial year, declared a quarterly dividend. The dividend will be paid on Monday, April 17th. Shareholders of record on Tuesday, April 4th were issued $0.26 divided shares while the ex-dividend date of this was effective from Monday, April 3rd. Presently boasting an annualized dividend rate of $1.04 and a dividend yield of about 5.11%, Brixmor’s payout ratio is currently listed at an impressive 89.66%.
Overall, Brixmor Property Group continues to enjoy analysts’ attention and interest as investors keenly monitor its earnings prospects and stock performance amid market trends that are continually evolving within the REIT industry globally. Jefferies’ recent projections only serve to reinforce investor confidence in Brixmor’s long-term viability as a stable income-generating investment asset class for years to come.
