November 28, 2016 - By Dolores Ford
In a a research note shared with investors on Monday morning, Wells Fargo stated it was upgrading Brixmor Property (NYSE:BRX) stock from a “Market Perform” to a “Outperform”.
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 14.81% above today’s ($24.72) stock price. Brixmor Property Group has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Evercore on Monday, August 22 to “Buy”. The firm earned “Neutral” rating on Friday, June 3 by JP Morgan. The rating was initiated by Mitsubishi UFJ with “Outperform” on Wednesday, September 7. The stock has “Hold” rating given by Evercore on Wednesday, March 2. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, February 9. The rating was initiated by Credit Suisse on Thursday, September 17 with “Neutral”. RBC Capital Markets upgraded Brixmor Property Group Inc (NYSE:BRX) on Wednesday, March 2 to “Sector Perform” rating. As per Tuesday, September 8, the company rating was maintained by Evercore. As per Tuesday, July 19, the company rating was maintained by Barclays Capital. Credit Suisse reinitiated Brixmor Property Group Inc (NYSE:BRX) on Wednesday, March 16 with “Neutral” rating.
About 522,756 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 $156.59 million for 12.12 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 2016 Q2. Its down 0.15, from 2.58 in 2016Q1. The ratio dropped, 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.
Kempen Cap Mgmt Nv has invested 0.34% of its portfolio in Brixmor Property Group Inc (NYSE:BRX). Livforsakringsbolaget Skandia Omsesidigt holds 11,700 shares or 0.01% of its portfolio. Moreover, Credit Agricole S A has 0.01% invested in Brixmor Property Group Inc (NYSE:BRX) for 89,832 shares. Employees Retirement Systems Of Texas, a Texas-based fund reported 187,400 shares. Geode Ltd Limited Liability Company last reported 1.55M shares in the company. Quantbot Technology Limited Partnership has 0.12% invested in the company for 43,805 shares. Gideon Capital Advsrs holds 8,441 shares or 0.13% of its portfolio. Pensionfund Dsm Netherlands has 111,000 shares for 0.39% of their US portfolio. Citigroup holds 24,085 shares or 0% of its portfolio. Schwab Charles Invest Mgmt holds 1.46 million shares or 0.05% of its portfolio. Putnam accumulated 0.01% or 78,361 shares. Pacad Inv Ltd holds 14,100 shares or 0.05% of its portfolio. Rafferty Asset Limited Liability Com accumulated 0.04% or 20,600 shares. Keeley Asset Mgmt Corp accumulated 50,605 shares or 0.06% of the stock. Fmr has invested 0.04% of its portfolio in Brixmor Property Group Inc (NYSE:BRX).
Insider Transactions: Since May 31, 2016, the stock had 2 buys, and 21 sales for $12.50 billion net activity. Blackstone Real Estate Partners VII.F L.P. sold $1.16B worth of stock. Blackstone Retail Transaction II Holdco L.P. sold 30.00 million shares worth $822.90M. SIEGEL STEVEN F had sold 6,000 shares worth $170,760 on Wednesday, August 31. $520.20M worth of Brixmor Property Group Inc (NYSE:BRX) shares were sold by BRX Holdco LLC. Schreiber John also bought $237,000 worth of Brixmor Property Group Inc (NYSE:BRX) on Friday, November 18. Another trade for 6,000 shares valued at $168,000 was sold by Singh Carolyn Carter. 30.00M shares were sold by Blackstone Real Estate Holdings VII L.P., worth $822.90M on Friday, August 5.
Brixmor Property Group Inc. and subsidiaries is an internally managed real estate investment trust (REIT). The company has a market cap of $7.59 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 31.51 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.”
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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By Dolores Ford