Brixmor Property Group Coverage Initiated by Analysts at Robert W. Baird (BRX)
Robert W. Baird assumed coverage on shares of Brixmor Property Group (NYSE:BRX) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Brixmor Property Group (NYSE:BRX) traded up 0.13% during mid-day trading on Tuesday, hitting $23.39. The stock had a trading volume of 1,588,789 shares. Brixmor Property Group has a 52 week low of $19.38 and a 52 week high of $23.45. The stock’s 50-day moving average is $22.29 and its 200-day moving average is $21.50.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.38. The company had revenue of $307.69 million for the quarter, compared to the consensus estimate of $305.67 million. During the same quarter last year, the company posted $0.40 earnings per share. Brixmor Property Group’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Brixmor Property Group will post $0.37 earnings per share for the current fiscal year.
Separately, analysts at RBC Capital raised their price target on shares of Brixmor Property Group from $22.00 to $24.00 in a research note on Monday. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $22.00.
In other Brixmor Property Group news, major shareholder Group L.P. Blackstone sold 34,442,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $21.77, for a total transaction of $749,813,225.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
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