Brixmor Property Group (NYSE:BRX) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday, ValuEngine reports.

A number of other research analysts also recently commented on the stock. Evercore ISI downgraded shares of Brixmor Property Group from an “outperform” rating to an “in-line” rating in a research note on Wednesday, November 27th. Sandler O’Neill raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $19.00 to $21.00 in a research report on Tuesday, September 3rd. BMO Capital Markets restated a “hold” rating and issued a $17.50 target price on shares of Brixmor Property Group in a report on Tuesday, October 29th. KeyCorp upped their price target on shares of Brixmor Property Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $19.00 in a research report on Thursday, September 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.28.

Shares of NYSE:BRX opened at $21.40 on Tuesday. The company has a market cap of $6.47 billion, a P/E ratio of 11.57, a P/E/G ratio of 2.44 and a beta of 0.73. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.76. Brixmor Property Group has a 52 week low of $14.11 and a 52 week high of $22.74. The business has a fifty day simple moving average of $21.59 and a 200-day simple moving average of $19.37.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.20). Brixmor Property Group had a return on equity of 10.41% and a net margin of 24.75%. The business had revenue of $292.97 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same quarter last year, the company posted $0.42 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. Sell-side analysts expect that Brixmor Property Group will post 1.92 earnings per share for the current fiscal year.

In other Brixmor Property Group news, insider Brian T. Finnegan sold 3,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $22.24, for a total transaction of $66,720.00. Following the transaction, the insider now directly owns 224,646 shares of the company’s stock, valued at $4,996,127.04. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven F. Siegel sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $22.01, for a total transaction of $165,075.00. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in Brixmor Property Group by 3.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 58,600 shares of the real estate investment trust’s stock worth $1,048,000 after purchasing an additional 1,800 shares during the period. Arizona State Retirement System boosted its position in shares of Brixmor Property Group by 0.9% in the second quarter. Arizona State Retirement System now owns 216,272 shares of the real estate investment trust’s stock worth $3,867,000 after buying an additional 1,833 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Brixmor Property Group by 84.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,623 shares of the real estate investment trust’s stock worth $6,144,000 after buying an additional 157,114 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brixmor Property Group by 6.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,154 shares of the real estate investment trust’s stock valued at $2,274,000 after buying an additional 8,209 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Brixmor Property Group by 94.0% in the second quarter. BNP Paribas Arbitrage SA now owns 161,990 shares of the real estate investment trust’s stock valued at $2,896,000 after buying an additional 78,494 shares in the last quarter. 99.20% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

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