Brixmor Property Group Inc. (NYSE:BRX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Brixmor Property Group Inc. operates as a real estate investment trust. It owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers primarily in the United States. Brixmor Property Group Inc. is based in United States. “

BRX has been the subject of several other research reports. BidaskClub raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a report on Monday, June 19th. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc reduced their price target on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, May 9th. Finally, Barclays PLC reduced their price target on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.27.

Brixmor Property Group (BRX) traded up 1.01% during midday trading on Tuesday, hitting $18.94. The company had a trading volume of 4,486,936 shares. The stock has a 50 day moving average price of $18.46 and a 200-day moving average price of $21.63. The stock has a market capitalization of $5.77 billion, a PE ratio of 20.15 and a beta of 0.50. Brixmor Property Group has a 52 week low of $17.35 and a 52 week high of $29.14.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $325.80 million for the quarter, compared to the consensus estimate of $317.02 million. Brixmor Property Group had a return on equity of 9.85% and a net margin of 22.43%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. On average, equities analysts predict that Brixmor Property Group will post $0.88 EPS for the current year.

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In other news, insider James M. Taylor, Jr. bought 14,000 shares of Brixmor Property Group stock in a transaction on Thursday, May 4th. The stock was acquired at an average price of $18.60 per share, with a total value of $260,400.00. Following the completion of the acquisition, the insider now directly owns 203,893 shares of the company’s stock, valued at $3,792,409.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Schreiber bought 10,000 shares of Brixmor Property Group stock in a transaction on Thursday, May 11th. The shares were purchased at an average cost of $18.85 per share, with a total value of $188,500.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $188,500. The disclosure for this purchase can be found here. Insiders have acquired 33,000 shares of company stock valued at $616,856 in the last three months. Insiders own 0.27% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its stake in Brixmor Property Group by 22.3% in the fourth quarter. Comerica Bank now owns 20,503 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 3,742 shares during the period. GSA Capital Partners LLP raised its stake in Brixmor Property Group by 34.5% in the fourth quarter. GSA Capital Partners LLP now owns 17,539 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 4,503 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Brixmor Property Group by 3.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,828 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 570 shares during the period. Brookfield Asset Management Inc. raised its stake in Brixmor Property Group by 6.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 5,614,019 shares of the real estate investment trust’s stock worth $137,094,000 after buying an additional 350,140 shares during the period. Finally, Teachers Advisors LLC raised its stake in Brixmor Property Group by 25.3% in the fourth quarter. Teachers Advisors LLC now owns 350,838 shares of the real estate investment trust’s stock worth $8,567,000 after buying an additional 70,784 shares during the period.

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.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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