Brixmor Property Group Inc. (NYSE:BRX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Mizuho in a note issued to investors on Friday. They presently have a $19.50 price target on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 6.85% from the stock’s previous close.
BRX has been the subject of several other reports. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Citigroup Inc. increased their price objective on Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Royal Bank of Canada reissued a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Finally, Barclays PLC reduced their price objective 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Brixmor Property Group currently has a consensus rating of “Hold” and an average price target of $23.11.
Shares of Brixmor Property Group (NYSE BRX) opened at $18.25 on Friday. Brixmor Property Group has a 12-month low of $17.23 and a 12-month high of $25.34. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $5,461.43, a P/E ratio of 8.49, a PEG ratio of 1.67 and a beta of 0.51.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $317.31 million. During the same period in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. sell-side analysts anticipate that Brixmor Property Group will post 2.09 EPS for the current fiscal year.
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In related news, EVP Mark Horgan acquired 3,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the purchase, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Schreiber acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of $18.72 per share, with a total value of $187,200.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The disclosure for this purchase can be found here. Insiders purchased 28,600 shares of company stock valued at $540,264 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Brixmor Property Group by 35.0% during the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock worth $519,713,000 after acquiring an additional 7,543,528 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Brixmor Property Group by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 17,222,816 shares of the real estate investment trust’s stock worth $325,682,000 after acquiring an additional 383,162 shares in the last quarter. State Street Corp raised its stake in Brixmor Property Group by 12.0% during the second quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock worth $192,965,000 after acquiring an additional 1,159,181 shares in the last quarter. Lasalle Investment Management Securities LLC raised its stake in Brixmor Property Group by 4.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 9,125,790 shares of the real estate investment trust’s stock worth $163,169,000 after acquiring an additional 393,226 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in Brixmor Property Group by 15.9% during the second quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock worth $118,341,000 after acquiring an additional 908,572 shares in the last quarter.
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.
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