Brixmor Property Group Inc. (NYSE:BRX) Declares $0.31 Quarterly Dividend

Brixmor Property Group Inc. (NYSE:BRX) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, October 2nd will be paid a dividend of 0.3075 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, October 2nd.

Brixmor Property Group has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 5 years. Brixmor Property Group has a dividend payout ratio of 128.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brixmor Property Group to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 49.4%.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $32.34 on Tuesday. The company’s fifty day moving average is $31.38 and its two-hundred day moving average is $29.76. The company has a market cap of $9.92 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. Brixmor Property Group has a 12-month low of $24.66 and a 12-month high of $32.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. During the same quarter last year, the firm posted $0.56 earnings per share. Brixmor Property Group’s revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

About Brixmor Property Group

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.