Brixmor Property Group (NYSE:BRX) was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating in a research note issued on Monday.

BRX has been the topic of several other reports. Barclays reiterated a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a research report on Monday, August 14th. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Boenning Scattergood set a $22.00 target price on Brixmor Property Group and gave the stock a “buy” rating in a research report on Wednesday, November 1st. BMO Capital Markets started coverage on Brixmor Property Group in a research report on Monday, September 11th. They set a “market perform” rating and a $20.00 target price on the stock. Finally, ValuEngine upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of Brixmor Property Group (NYSE BRX) traded down $0.12 during trading hours on Monday, hitting $17.81. The stock had a trading volume of 2,488,617 shares, compared to its average volume of 2,855,503. Brixmor Property Group has a twelve month low of $17.23 and a twelve month high of $25.34. The stock has a market capitalization of $5,467.52, a P/E ratio of 8.50, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $317.31 million. During the same quarter last year, the company posted $0.51 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. sell-side analysts forecast that Brixmor Property Group will post 2.08 EPS for the current year.

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

In other news, EVP Mark Horgan acquired 3,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were bought at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the acquisition, 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 filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its stake in shares of Brixmor Property Group by 58.3% in the second 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 buying an additional 3,538 shares in the last quarter. NGAM Advisors L.P. grew its stake in shares of Brixmor Property Group by 70.8% in the second quarter. NGAM Advisors L.P. now owns 23,646 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 9,802 shares in the last quarter. World Asset Management Inc grew its stake in shares of Brixmor Property Group by 15.7% in the second quarter. World Asset Management Inc now owns 15,037 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 2,042 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Brixmor Property Group by 3.7% in the second quarter. New Mexico Educational Retirement Board now owns 41,800 shares of the real estate investment trust’s stock valued at $819,000 after buying an additional 1,500 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Brixmor Property Group by 83.5% in the second quarter. Canada Pension Plan Investment Board now owns 91,200 shares of the real estate investment trust’s stock valued at $1,631,000 after buying an additional 41,500 shares in the last quarter. Institutional investors own 98.57% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/11/mizuho-downgrades-brixmor-property-group-brx-to-neutral.html.

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)

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.