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 to clients and investors 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. “
A number of other brokerages also recently issued reports on BRX. Boenning Scattergood downgraded Brixmor Property Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 22nd. Barclays PLC cut their price target on 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. Citigroup Inc. cut their price target on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a report on Monday, June 19th. Finally, BidaskClub upgraded Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.25.
Shares of Brixmor Property Group (BRX) traded down 0.51% during midday trading on Tuesday, hitting $19.53. 2,361,904 shares of the stock were exchanged. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 20.01 and a beta of 0.53. The stock’s 50-day moving average price is $18.82 and its 200-day moving average price is $20.48. Brixmor Property Group has a 1-year low of $17.35 and a 1-year high of $29.14.
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 the consensus estimate of $0.51 by $0.02. The company had revenue of $322.80 million for the quarter, compared to the consensus estimate of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. Brixmor Property Group’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. On average, analysts forecast that Brixmor Property Group will post $0.88 EPS for the current year.
A number of hedge funds have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Brixmor Property Group during the first quarter worth approximately $131,000. Pacer Advisors Inc. boosted its stake in shares of 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. boosted its stake in shares of 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. PNC Financial Services Group Inc. boosted its stake in shares of Brixmor Property Group by 159.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 5,203 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of 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.
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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