Brixmor Property Group Inc. (BRX) PT Raised to $20.00

Brixmor Property Group Inc. (NYSE:BRX) had its price objective upped by Citigroup Inc. from $19.00 to $20.00 in a report released on Monday, August 7th. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 6.72% from the company’s current price.

Other analysts also recently issued reports about the company. Royal Bank Of Canada reiterated a “hold” rating and set a $23.00 target price on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Barclays PLC cut their target price on 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. Boenning Scattergood reiterated a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.55.

Shares of Brixmor Property Group (NYSE:BRX) traded down 1.88% during midday trading on Monday, hitting $18.74. 5,584,045 shares of the stock traded hands. The firm’s 50 day moving average price is $18.96 and its 200 day moving average price is $20.30. Brixmor Property Group has a 12-month low of $17.35 and a 12-month high of $29.14. The company has a market capitalization of $5.71 billion, a PE ratio of 19.20 and a beta of 0.53.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Analysts expect that Brixmor Property Group will post $0.86 EPS for the current year.

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In other Brixmor Property Group news, insider James M. Taylor, Jr. acquired 15,600 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the transaction, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in Brixmor Property Group during the second quarter valued at approximately $493,000. Public Employees Retirement System of Ohio increased its position in Brixmor Property Group by 9.7% in the second quarter. Public Employees Retirement System of Ohio now owns 419,632 shares of the real estate investment trust’s stock valued at $7,503,000 after buying an additional 36,956 shares in the last quarter. Verition Fund Management LLC increased its position in Brixmor Property Group by 52.2% in the second quarter. Verition Fund Management LLC now owns 44,712 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 15,335 shares in the last quarter. California State Teachers Retirement System increased its position in Brixmor Property Group by 52.7% in the second quarter. California State Teachers Retirement System now owns 598,707 shares of the real estate investment trust’s stock valued at $10,705,000 after buying an additional 206,685 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Brixmor Property Group by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,283 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 712 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.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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