Market Rating: Brixmor Property Group Inc (NYSE:BRX)’s Is Reaching An Inflection Point; Wells Fargo Upgrades It

November 28, 2016 - By Ellis Scott

Market Rating:  Brixmor Property Group Inc (NYSE:BRX)'s Is Reaching An Inflection Point; Wells Fargo Upgrades It

Brixmor Property Group Inc (NYSE:BRX) Upgrade

Brixmor Property Group Inc (NYSE:BRX)‘s rating was increased by research analysts at Wells Fargo from a “Market Perform” rating to a “Outperform” rating in a a research report published on Monday morning.

Brixmor Property Group Inc (NYSE:BRX) Ratings Coverage

Out of 10 analysts covering Brixmor Property Group (NYSE:BRX), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. $31 is the highest target while $25 is the lowest. The $28.38 average target is 14.21% above today’s ($24.85) stock price. Brixmor Property Group has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Brixmor Property Group Inc (NYSE:BRX) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, March 2. On Friday, June 3 the stock rating was upgraded by JP Morgan to “Neutral”. The company was initiated on Thursday, September 17 by Credit Suisse. The rating was maintained by Barclays Capital on Tuesday, July 19 with “Equalweight”. The stock of Brixmor Property Group Inc (NYSE:BRX) has “Underperform” rating given on Tuesday, February 9 by RBC Capital Markets. The rating was upgraded by Stifel Nicolaus on Monday, August 15 to “Buy”. The stock has “Buy” rating given by Evercore on Tuesday, September 8. Evercore upgraded the stock to “Buy” rating in Monday, August 22 report. Deutsche Bank upgraded Brixmor Property Group Inc (NYSE:BRX) on Wednesday, August 17 to “Buy” rating. Deutsche Bank maintained Brixmor Property Group Inc (NYSE:BRX) rating on Monday, July 18. Deutsche Bank has “Hold” rating and $27 price target.

About 1.33M shares traded hands. Brixmor Property Group Inc (NYSE:BRX) has declined 3.46% since April 25, 2016 and is downtrending. It has underperformed by 9.47% the S&P500.

Analysts await Brixmor Property Group Inc (NYSE:BRX) to report earnings on February, 14 before the open. They expect $0.51 EPS, 0.00% or $0.00 from last year’s $0.51 per share. BRX’s profit will be $156.59M for 12.18 P/E if the $0.51 EPS becomes a reality. After $0.51 actual EPS reported by Brixmor Property Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 2.43 in Q2 2016. Its down 0.15, from 2.58 in 2016Q1. The ratio fall, as 10 funds sold all Brixmor Property Group Inc shares owned while 50 reduced positions. 37 funds bought stakes while 118 increased positions. They now own 330.14 million shares or 6.13% more from 311.08 million shares in 2016Q1.

Walleye Trading Ltd Company, a Minnesota-based fund reported 87,232 shares. Princeton Alpha Mgmt Ltd Partnership reported 16,896 shares or 0.08% of all its holdings. Panagora Asset last reported 0% of its portfolio in the stock. Gulf National Bank & Trust (Uk) last reported 66,590 shares in the company. Axa holds 0% or 14,243 shares in its portfolio. Morgan Stanley has 0.03% invested in the company for 2.98M shares. Mizuho Limited owns 368,570 shares or 0.03% of their US portfolio. Echo Street Mngmt Lc holds 76,243 shares or 0.08% of its portfolio. Bnp Paribas Invest Prtn has 29,711 shares for 0.01% of their US portfolio. Kcg holds 0.02% of its portfolio in Brixmor Property Group Inc (NYSE:BRX) for 36,032 shares. Blackrock Institutional Na has invested 0.03% of its portfolio in Brixmor Property Group Inc (NYSE:BRX). Numeric Ltd Llc has 0.01% invested in the company for 39,500 shares. D E Shaw & Co holds 0.02% of its portfolio in Brixmor Property Group Inc (NYSE:BRX) for 421,339 shares. Pictet Asset Mngmt Ltd last reported 64,900 shares in the company. Sit Investment Inc has invested 0.67% of its portfolio in Brixmor Property Group Inc (NYSE:BRX).

Insider Transactions: Since May 31, 2016, the stock had 2 insider purchases, and 21 insider sales for $12.50 billion net activity. Another trade for 6,000 shares valued at $151,560 was sold by SIEGEL STEVEN F. 20.00 million shares were sold by BRX Holdco LLC, worth $520.20M on Wednesday, July 6. $520.20 million worth of Brixmor Property Group Inc (NYSE:BRX) was sold by Blackstone Retail Transaction II Holdco L.P. on Wednesday, July 6. 42.40 million shares were sold by Blackstone Real Estate Partners VII.F L.P., worth $1.16 billion. The insider Blackstone Real Estate Holdings VII L.P. sold $822.90 million. Another trade for 10,000 shares valued at $238,200 was bought by Taylor James M Jr. On Tuesday, August 16 BLACKSTONE REAL ESTATE PARTNERS VI TE 1 L P sold $1.16 billion worth of the stock or 42.40 million shares.

Brixmor Property Group Inc. and subsidiaries is an internally managed real estate investment trust (REIT). The company has a market cap of $7.63 billion. Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its activities and owns its assets. It has a 31.67 P/E ratio. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

According to Zacks Investment Research, “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.”

BRX Company Profile

Brixmor Property Group Inc., incorporated on May 27, 2011, and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its activities and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership. The Firm operates the wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the United States. The Company’s portfolio consists of over 515 shopping centers totaling approximately 90 million square feet of gross leasable area.

More notable recent Brixmor Property Group Inc (NYSE:BRX) news were published by: Wsj.com which released: “Brixmor Property Appoints New CEO” on April 12, 2016, also Fool.com with their article: “Why Brixmor Property Group Inc. Stock Plummeted Today” published on February 08, 2016, Prnewswire.com published: “Brixmor Property Group Names Mark Horgan Executive Vice President, Chief …” on May 11, 2016. More interesting news about Brixmor Property Group Inc (NYSE:BRX) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Brixmor Property Group, Mack Cali Realty and Erie Indemnity” published on June 29, 2016 as well as Prnewswire.com‘s news article titled: “Brixmor Property Group Announces Change to its Board of Directors” with publication date: August 01, 2016.

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