Brixmor Property Group (BRX) Raised to “Sell” at ValuEngine

Brixmor Property Group (NYSE:BRX) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday.

Several other equities research analysts also recently weighed in on the stock. SunTrust Banks set a $18.00 price objective on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Friday, March 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $19.00 price target on shares of Brixmor Property Group in a research report on Friday, February 23rd. Mizuho upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating in a research report on Thursday, February 22nd. Citigroup dropped their price target on shares of Brixmor Property Group from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 price target (down from $21.00) on shares of Brixmor Property Group in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Brixmor Property Group currently has a consensus rating of “Hold” and a consensus price target of $18.32.

BRX stock traded down $0.02 during trading on Monday, hitting $17.23. The company had a trading volume of 2,581,900 shares, compared to its average volume of 3,971,856. The company has a market capitalization of $5.22 billion, a P/E ratio of 8.24, a PEG ratio of 2.20 and a beta of 0.41. Brixmor Property Group has a fifty-two week low of $13.74 and a fifty-two week high of $20.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.96.



Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.31). The company had revenue of $317.17 million during the quarter, compared to analyst estimates of $315.84 million. Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. equities analysts anticipate that Brixmor Property Group will post 2 EPS for the current year.

In related news, Director John Schreiber acquired 10,000 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were purchased at an average price of $14.64 per share, for a total transaction of $146,400.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at $366,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James M. Taylor, Jr. acquired 11,500 shares of the business’s stock in a transaction on Friday, May 4th. The shares were bought at an average price of $14.65 per share, for a total transaction of $168,475.00. Following the acquisition, the chief executive officer now owns 228,384 shares in the company, valued at approximately $3,345,825.60. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 23,090 shares of company stock worth $339,091. 0.33% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Suntrust Banks Inc. acquired a new stake in Brixmor Property Group during the 1st quarter worth about $1,262,000. Allianz Asset Management GmbH raised its holdings in Brixmor Property Group by 42.3% during the 1st quarter. Allianz Asset Management GmbH now owns 1,030,705 shares of the real estate investment trust’s stock worth $15,718,000 after buying an additional 306,474 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Brixmor Property Group by 27.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 19,668 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 4,252 shares during the period. Royal Bank of Canada raised its holdings in Brixmor Property Group by 15.8% during the 1st quarter. Royal Bank of Canada now owns 1,015,880 shares of the real estate investment trust’s stock worth $15,492,000 after buying an additional 138,721 shares during the period. Finally, Legal & General Group Plc raised its holdings in Brixmor Property Group by 11.7% during the 1st quarter. Legal & General Group Plc now owns 1,357,497 shares of the real estate investment trust’s stock worth $20,702,000 after buying an additional 141,757 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Brixmor Property Group Company Profile

Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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