Stock Estimates Record: Brixmor Property Group Inc. (BRX)

The shares of Brixmor Property Group Inc. (NYSE:BRX) currently has mean rating of 2.75 while 1 analysts have recommended the shares as “BUY”, 2 recommended as “OUTPERFORM” and 13 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 315.21M by 7 analysts. The means estimate of sales for the year ending Dec 16 is 1.28B by 8 analysts.

The mean price target for the shares of Brixmor Property Group Inc. (BRX) is at 26.83 while the highest price target suggested by the analysts is 29.00 and low price target is 25.00. The mean price target is calculated keeping in view the consensus of 13 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Brixmor Property Group Inc. (BRX) stands at 0.51 while the EPS for the current year is fixed at 2.07 by 16 analysts.

The next one year’s EPS estimate is set at 2.17 by 16 analysts while a year ago the analysts suggested the company’s EPS at 2.07. The analysts also projected the company’s long-term growth at 6.10% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Brixmor Property Group Inc. (BRX) reported earnings of $0.53. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 3.90%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 2, 2016 Brixmor Property Group Inc. (BRX) announced that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), priced an offering of $600 million aggregate principal amount of 4.125% Senior Notes due 2026 (the “Notes”). The Notes will be issued at 99.328% of par value with a coupon of 4.125%. Interest on the Notes is payable semi-annually on June 15 and December 15 of each year, commencing December 15, 2016. The Notes will mature on June 15, 2026. The offering is expected to close on June 13, 2016, subject to customary closing conditions.

The Operating Partnership expects to use the net proceeds from this offering to refinance maturing indebtedness and for general corporate purposes. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.