Brixmor Property Group Inc. (BRX) Receives Buy Rating from Mizuho

Brixmor Property Group Inc. (NYSE:BRX)‘s stock had its “buy” rating restated by investment analysts at Mizuho in a report released on Friday. They currently have a $19.50 target price on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 6.85% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Barclays PLC lowered their price objective on shares of Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.11.

Shares of Brixmor Property Group (BRX) traded up $0.34 during trading on Friday, hitting $18.25. 2,975,100 shares of the stock were exchanged, compared to its average volume of 2,849,076. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group has a 1-year low of $17.23 and a 1-year high of $25.34. The firm has a market cap of $5,461.43, a price-to-earnings ratio of 8.49, a PEG ratio of 1.67 and a beta of 0.51.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The business had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. During the same period in the prior year, the company earned $0.51 EPS. Brixmor Property Group’s quarterly revenue was down 1.3% on a year-over-year basis. equities analysts expect that Brixmor Property Group will post 2.09 EPS for the current year.

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In other news, insider James M. Taylor, Jr. bought 15,600 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the transaction, the insider now owns 224,793 shares in the company, valued at $4,325,017.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now owns 56,703 shares in the company, valued at approximately $1,000,240.92. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 28,600 shares of company stock valued at $540,264. 0.27% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Brixmor Property Group in the 3rd quarter worth approximately $100,000. Pacer Advisors Inc. lifted its stake in shares of Brixmor Property Group by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 554 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Brixmor Property Group by 621.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 6,845 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 5,203 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in shares of Brixmor Property Group by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 1,420 shares during the period.

About Brixmor Property Group

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.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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