Brixmor Property Group Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:BRX)
Brixmor Property Group (NYSE:BRX) has received an average rating of “Buy” from the twelve brokerages that are presently covering the stock, AmericanBankingNews.com reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.00.
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.
In other Brixmor Property Group news, major shareholder Group L.P. Blackstone unloaded 34,442,500 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $21.77, for a total transaction of $749,813,225.00. The transaction was disclosed in a legal filing with the SEC, 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.
Brixmor Property Group (NYSE:BRX) traded down 0.34% on Tuesday, hitting $23.28. 278,683 shares of the company’s stock traded hands. 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 $22.26 and its 200-day moving average is $21.47.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Brixmor Property Group will post $0.37 earnings per share for the current fiscal year.
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