Brixmor Property Group (BRX) Updates FY 2019 Earnings Guidance

Brixmor Property Group (NYSE:BRX) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.00-2.00 for the period.

Shares of Brixmor Property Group stock traded up $0.09 during trading on Monday, reaching $17.87. The company had a trading volume of 5,787,367 shares, compared to its average volume of 5,868,753. The firm has a market cap of $5.33 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 2.58 and a beta of 0.79. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.63 and a current ratio of 0.63. Brixmor Property Group has a fifty-two week low of $13.84 and a fifty-two week high of $18.71.

BRX has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on shares of Brixmor Property Group in a research note on Tuesday, October 16th. They issued an outperform rating on the stock. Barclays restated a hold rating and issued a $16.00 target price on shares of Brixmor Property Group in a research note on Sunday, October 14th. JPMorgan Chase & Co. lowered shares of Brixmor Property Group from an overweight rating to a neutral rating in a research note on Wednesday, December 19th. Wells Fargo & Co dropped their price objective on shares of Brixmor Property Group from $22.00 to $21.00 and set an outperform rating on the stock in a research note on Monday, November 12th. Finally, KeyCorp upgraded shares of Brixmor Property Group from a sector weight rating to an overweight rating and set a $18.00 price objective on the stock in a research note on Monday, October 29th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $18.42.

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Brixmor Property Group Company Profile

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 445 retail centers comprise approximately 77 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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Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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