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

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. “

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price target on shares of Brixmor Property Group in a report on Wednesday, August 2nd. BMO Capital Markets set a $20.00 price target on shares of Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday. Barclays PLC dropped their price target on shares of Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.39.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). The company had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS.

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In other Brixmor Property Group news, insider James M. Taylor, Jr. acquired 15,600 shares of the stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the purchase, the insider now directly owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director John Schreiber acquired 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $374,400. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado lifted its stake in shares of Brixmor Property Group by 0.4% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 6,165 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 25 shares during the period. Gilman Hill Asset Management LLC lifted its stake in shares of Brixmor Property Group by 0.3% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 17,080 shares of the real estate investment trust’s stock worth $452,000 after purchasing an additional 55 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Brixmor Property Group by 2.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,975 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 171 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Brixmor Property Group by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 209 shares during the period. Finally, World Asset Management Inc lifted its stake in shares of Brixmor Property Group by 2.0% in the 1st quarter. World Asset Management Inc now owns 12,995 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 256 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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