Brixmor Property Group Inc. (NYSE:BRX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, July 18th.
According to Zacks, “Brixmor Property Group Inc. operates as a real estate investment trust. It owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers primarily in the United States. Brixmor Property Group Inc. is based in United States. “
Other analysts also recently issued research reports about the stock. Barclays PLC decreased their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 16th. Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a report on Monday, June 19th. ValuEngine cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. cut their target price on shares of Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, May 9th. Finally, Boenning Scattergood cut shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.30.
Brixmor Property Group (BRX) opened at 19.54 on Tuesday. Brixmor Property Group has a 52-week low of $17.35 and a 52-week high of $29.14. The company’s 50 day moving average is $18.58 and its 200 day moving average is $20.68. The firm has a market cap of $5.96 billion, a P/E ratio of 20.02 and a beta of 0.53.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $322.80 million for the quarter, compared to the consensus estimate of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Equities research analysts forecast that Brixmor Property Group will post $0.87 EPS for the current fiscal year.
In other news, Director John Schreiber acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average price of $18.85 per share, with a total value of $188,500.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $188,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.27% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware purchased a new position in Brixmor Property Group during the first quarter worth $131,000. Pacer Advisors Inc. raised its position in Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 209 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 341 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Brixmor Property Group by 38.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 2,600 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in Brixmor Property Group during the first quarter worth $204,000.
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.
Get a free copy of the Zacks research report on Brixmor Property Group (BRX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
