Brixmor Property Group (NYSE:BRX)‘s stock had its “buy” rating restated by equities researchers at Boenning Scattergood in a research note issued to investors on Thursday. They currently have a $22.00 price target on the real estate investment trust’s stock. Boenning Scattergood’s price target would suggest a potential upside of 25.28% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Mizuho reissued a “buy” rating and set a $19.50 target price on shares of Brixmor Property Group in a research report on Friday, November 10th. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. Barclays reissued a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Brixmor Property Group presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Brixmor Property Group (NYSE:BRX) traded down $0.56 during mid-day trading on Thursday, reaching $17.56. The company’s stock had a trading volume of 2,929,300 shares, compared to its average volume of 2,849,417. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market cap of $5,525.46, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.95 and a beta of 0.52. Brixmor Property Group has a 52 week low of $17.23 and a 52 week high of $25.34.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The business had revenue of $314.50 million for the quarter, compared to analyst estimates of $317.31 million. During the same period last year, the business posted $0.51 EPS. Brixmor Property Group’s revenue was down 1.3% on a year-over-year basis. equities analysts anticipate that Brixmor Property Group will post 2.08 earnings per share for the current fiscal year.

Brixmor Property Group declared that its board has approved a stock repurchase program on Tuesday, December 5th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, EVP Mark Horgan purchased 3,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were bought at an average price of $17.64 per share, with a total value of $52,920.00. Following the completion of the transaction, the executive vice president now directly owns 56,703 shares in the company, valued at approximately $1,000,240.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Several hedge funds have recently made changes to their positions in BRX. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at approximately $100,000. Pacer Advisors Inc. grew its stake in shares of Brixmor Property Group by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 554 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Brixmor Property Group by 621.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 5,203 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Brixmor Property Group by 58.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 3,538 shares during the last quarter. Institutional investors own 98.57% of the company’s stock.

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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.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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