Brixmor Property Group (NYSE:BRX – Get Free Report) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.21), Zacks reports. The company had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. Brixmor Property Group updated its FY24 guidance to $2.13-$2.15 EPS and its FY 2024 guidance to 2.130-2.150 EPS.
Brixmor Property Group Trading Down 0.8 %
Shares of NYSE:BRX traded down $0.21 during trading on Tuesday, reaching $27.52. 3,652,549 shares of the stock were exchanged, compared to its average volume of 2,287,718. The firm’s 50-day moving average price is $27.52 and its 200 day moving average price is $24.64. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a 12-month low of $19.88 and a 12-month high of $28.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50.
Insider Activity at Brixmor Property Group
In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the transaction, the director now owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.76% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on BRX
About Brixmor Property Group
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 362 retail centers comprise approximately 64 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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