Brixmor Property Group Inc. (NYSE:BRX) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, June 27th.
A number of other equities research analysts have also recently commented on BRX. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Boenning Scattergood cut Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, March 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research note on Monday, June 19th. Citigroup Inc. decreased their price target on shares of Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. Finally, Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and an average target price of $26.36.
Shares of Brixmor Property Group (NYSE:BRX) opened at 18.75 on Tuesday. Brixmor Property Group has a one year low of $17.35 and a one year high of $29.14. The stock has a market cap of $5.72 billion, a PE ratio of 19.95 and a beta of 0.50. The company’s 50-day moving average price is $18.46 and its 200-day moving average price is $21.63.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Brixmor Property Group had a return on equity of 9.85% and a net margin of 22.43%. The firm had revenue of $325.80 million for the quarter, compared to analysts’ expectations of $317.02 million. During the same period last year, the firm earned $0.53 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that Brixmor Property Group will post $0.88 earnings per share for the current year.
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In related news, insider James M. Taylor, Jr. purchased 14,000 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average cost of $18.60 per share, with a total value of $260,400.00. Following the completion of the transaction, the insider now directly owns 203,893 shares in the company, valued at $3,792,409.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James M. Taylor, Jr. purchased 5,300 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $18.77 per share, for a total transaction of $99,481.00. Following the completion of the purchase, the insider now owns 209,193 shares of the company’s stock, valued at $3,926,552.61. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 33,000 shares of company stock valued at $616,856. Corporate insiders own 0.27% of the company’s stock.
Several hedge funds have recently made changes to their positions in BRX. Brookfield Asset Management Inc. increased its stake in shares of Brixmor Property Group by 6.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 5,614,019 shares of the real estate investment trust’s stock valued at $137,094,000 after buying an additional 350,140 shares during the period. Allianz Asset Management AG increased its position in shares of Brixmor Property Group by 363.3% in the fourth quarter. Allianz Asset Management AG now owns 264,462 shares of the real estate investment trust’s stock valued at $6,458,000 after buying an additional 207,380 shares during the last quarter. Norges Bank purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at about $64,235,000. Metropolitan Life Insurance Co. NY increased its position in shares of Brixmor Property Group by 3.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,828 shares of the real estate investment trust’s stock valued at $484,000 after buying an additional 570 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Brixmor Property Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 47,200,813 shares of the real estate investment trust’s stock worth $1,012,929,000 after buying an additional 526,981 shares in the last quarter.
Brixmor Property Group Company Profile
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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