Brixmor Property Group Inc. (NYSE:BRX) Given New $21.00 Price Target at Barclays PLC
Brixmor Property Group Inc. (NYSE:BRX) had its price objective lowered by Barclays PLC from $22.00 to $21.00 in a research note issued to investors on Tuesday. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays PLC’s price objective would indicate a potential upside of 10.88% from the stock’s previous close.
A number of other analysts also recently weighed in on BRX. ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Boenning Scattergood downgraded Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, March 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 target price on shares of Brixmor Property Group in a research report on Monday, June 19th. Finally, Citigroup Inc dropped their target price on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.27.
Shares of Brixmor Property Group (BRX) traded up 1.01% on Tuesday, reaching $18.94. 4,486,936 shares of the company were exchanged. Brixmor Property Group has a 12-month low of $17.35 and a 12-month high of $29.14. The firm has a market capitalization of $5.77 billion, a PE ratio of 20.15 and a beta of 0.50. The stock’s 50-day moving average is $18.46 and its 200 day moving average is $21.63.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, May 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $325.80 million during 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%. Brixmor Property Group’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, analysts forecast that Brixmor Property Group will post $0.88 EPS for the current year.
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In related news, Director John Schreiber acquired 10,000 shares of the stock in a transaction on Thursday, May 11th. The stock was purchased at an average price of $18.85 per share, for a total transaction of $188,500.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $188,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark Horgan acquired 2,700 shares of the stock in a transaction on Thursday, May 4th. The stock was bought at an average price of $18.75 per share, with a total value of $50,625.00. Following the transaction, the executive vice president now directly owns 53,703 shares of the company’s stock, valued at approximately $1,006,931.25. The disclosure for this purchase can be found here. Insiders acquired 33,000 shares of company stock valued at $616,856 in the last quarter. Corporate insiders own 0.27% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BRX. Mckinley Capital Management LLC Delaware bought a new stake in shares of Brixmor Property Group during the first quarter valued at $131,000. Pacer Advisors Inc. increased its position in shares of Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 209 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 341 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 1,420 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Brixmor Property Group by 38.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 2,600 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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