Brixmor Property Group (BRX) Projected to Post Quarterly Earnings on Monday

Brixmor Property Group (NYSE:BRX) is anticipated to issue its quarterly earnings data after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $328.78 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $26.71 on Friday. The firm has a market capitalization of $8.07 billion, a P/E ratio of 24.73, a PEG ratio of 3.60 and a beta of 1.58. The business has a 50-day moving average of $27.42 and a 200-day moving average of $27.35. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67.

Wall Street Analyst Weigh In

Several brokerages have commented on BRX. Scotiabank upped their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company lowered their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Evercore ISI dropped their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Stifel Nicolaus raised their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus target price of $30.38.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by corporate insiders.

About Brixmor Property Group

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.