Ratings Don’t Lie: Brixmor Property (BRX) Is a Stock Wells Fargo Is Confident In; Firm Upgrades It

November 28, 2016 - By Clifton Ray

Ratings Don't Lie:  Brixmor Property (BRX) Is a Stock Wells Fargo Is Confident In; Firm Upgrades It

Brixmor Property (BRX) Upgrade

Brixmor Property (BRX)‘s stock was increased to “Outperform” by equity analysts at Wells Fargo. BRX’s “Market Perform” rating is no longer valid.

About 766,551 shares traded hands. Brixmor Property Group Inc (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 $156.62 million for 12.15 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 dived, 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.

Fort Washington Advsrs Oh has invested 0% of its portfolio in Brixmor Property Group Inc (NYSE:BRX). Profund Advsr Limited Liability Company last reported 0.02% of its portfolio in the stock. Copeland Capital Mngmt Limited Liability last reported 258,900 shares in the company. Schwab Charles Management Inc last reported 1.46M shares in the company. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Brixmor Property Group Inc (NYSE:BRX) for 38,551 shares. Meiji Yasuda Asset Management Limited has 0.06% invested in the company for 14,520 shares. California State Teachers Retirement System accumulated 0.02% or 416,322 shares. Kanaly Tru Comm reported 181 shares or 0% of all its holdings. California Pub Employees Retirement System last reported 0.02% of its portfolio in the stock. Creative Planning accumulated 0% or 541 shares. The Florida-based Eagle Asset has invested 0.18% in Brixmor Property Group Inc (NYSE:BRX). Moreover, Da Davidson Communications has 0.01% invested in Brixmor Property Group Inc (NYSE:BRX) for 11,705 shares. Guggenheim Capital Lc holds 0.02% or 217,644 shares in its portfolio. Axa owns 14,243 shares or 0% of their US portfolio. Moreover, Stevens Cap L P has 0.01% invested in Brixmor Property Group Inc (NYSE:BRX) for 13,238 shares.

Insider Transactions: Since May 31, 2016, the stock had 2 insider buys, and 21 sales for $12.50 billion net activity. $520.20 million worth of Brixmor Property Group Inc (NYSE:BRX) shares were sold by BLACKSTONE REAL ESTATE PARTNERS VI TE 1 L P. BRX Holdco LLC sold $520.20M worth of stock or 20.00M shares. SIEGEL STEVEN F sold 6,000 shares worth $167,880. Schreiber John bought 10,000 shares worth $237,000. Shares for $822.90 million were sold by Blackstone Real Estate Holdings VII L.P. on Friday, August 5. Blackstone Retail Transaction II Holdco L.P. sold $1.16 billion worth of stock. Another trade for 6,000 shares valued at $168,000 was sold by Singh Carolyn Carter.

Brixmor Property Group Inc. and subsidiaries is an internally managed real estate investment trust (REIT). The company has a market cap of $7.61 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 31.58 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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