Brixmor Property Group Given Average Recommendation of “Buy” by Brokerages (NYSE:BRX)
Brixmor Property Group (NYSE:BRX) has earned an average rating of “Buy” from the thirteen ratings firms that are currently covering the company, Analyst Ratings Net reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.71.
Brixmor Property Group (NYSE:BRX) opened at 23.31 on Tuesday. Brixmor Property Group has a 52 week low of $19.38 and a 52 week high of $23.53. The stock has a 50-day moving average of $22.37 and a 200-day moving average of $21.54. The company’s market cap is $5.354 billion.
Brixmor Property Group (NYSE:BRX) last announced its earnings results 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. Analysts expect that Brixmor Property Group will post $0.34 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Brixmor Property Group in a research note on Wednesday. They now have a $23.00 price target on the stock, up previously from $21.00. Separately, analysts at Robert W. Baird initiated coverage on shares of Brixmor Property Group in a research note on Tuesday. They set an “outperform” rating and a $26.00 price target on the stock. Finally, 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, July 7th. They now have an “outperform” rating on the stock.
In other Brixmor Property Group news, major shareholder Group L.P. Blackstone sold 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 value of $749,813,225.00. The sale was disclosed in a document filed 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.
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