Stock Rating Runner: Is Brixmor Property Group Inc (NYSE:BRX) a Buy? How Analyst Rate it? Why Wells Fargo Upgraded The Stock

November 28, 2016 - By Michael Collier

Stock Rating Runner:  Is Brixmor Property Group Inc (NYSE:BRX) a Buy? How Analyst Rate it? Why Wells Fargo Upgraded The Stock

Brixmor Property Group Inc (NYSE:BRX) Upgrade

New York-listed Brixmor Property Group Inc (NYSE:BRX), was upgraded by expert analysts at Wells Fargo. The firm upgraded its rating on the $7.62 billion market cap company to a “Outperform” from a previous “Market Perform”.

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 14.30% above today’s ($24.83) stock price. Brixmor Property Group has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, February 9 by RBC Capital Markets. The stock has “Neutral” rating given by Credit Suisse on Thursday, September 17. The stock of Brixmor Property Group Inc (NYSE:BRX) has “Hold” rating given on Wednesday, March 2 by Evercore. The stock of Brixmor Property Group Inc (NYSE:BRX) earned “Buy” rating by Evercore on Tuesday, September 8. JP Morgan upgraded the shares of BRX in a report on Friday, June 3 to “Neutral” rating. The stock of Brixmor Property Group Inc (NYSE:BRX) has “Buy” rating given on Monday, August 15 by Stifel Nicolaus. Deutsche Bank maintained Brixmor Property Group Inc (NYSE:BRX) rating on Monday, July 18. Deutsche Bank has “Hold” rating and $27 price target. The firm has “Buy” rating given on Monday, August 22 by Evercore. RBC Capital Markets maintained the shares of BRX in a report on Thursday, October 29 with “Outperform” rating. On Wednesday, March 16 the stock rating was reinitiated by Credit Suisse with “Neutral”.

About 1.89 million shares traded hands or 15.95% up from the average. 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 earnings per share, 0.00% or $0.00 from last year’s $0.51 per share. BRX’s profit will be $156.51 million for 12.17 P/E if the $0.51 EPS becomes a reality. After $0.51 actual earnings per share 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 is negative, 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.

Shell Asset has 0.01% invested in the company for 10,913 shares. Sei Com last reported 0.05% of its portfolio in the stock. Rhumbline Advisers holds 158,933 shares or 0.01% of its portfolio. Pinebridge Ltd Partnership holds 0.08% of its portfolio in Brixmor Property Group Inc (NYSE:BRX) for 57,544 shares. Pensionfund Dsm Netherlands, a Netherlands-based fund reported 111,000 shares. Baker Ellis Asset Mgmt Ltd Liability Corporation has 45,075 shares for 0.37% of their US portfolio. Deutsche Retail Bank Ag holds 0.04% or 2.01M shares in its portfolio. Mai Management holds 0.02% of its portfolio in Brixmor Property Group Inc (NYSE:BRX) for 8,609 shares. State Board Of Administration Of Florida Retirement System last reported 0.01% of its portfolio in the stock. Investec Asset Mgmt Ltd holds 0.01% or 67,967 shares in its portfolio. Axa has 14,243 shares for 0% of their US portfolio. Prudential Fincl accumulated 1.15 million shares or 0.05% of the stock. Paloma Mgmt last reported 35,158 shares in the company. Teachers Ins And Annuity Association Of America holds 0.26% of its portfolio in Brixmor Property Group Inc (NYSE:BRX) for 223,918 shares. Duff Phelps Invest Mngmt Co has invested 0.57% of its portfolio in Brixmor Property Group Inc (NYSE:BRX).

Insider Transactions: Since May 31, 2016, the stock had 2 insider purchases, and 21 sales for $12.50 billion net activity. The insider BLACKSTONE REAL ESTATE PARTNERS VI TE 1 L P sold 20.00M shares worth $520.20M. Singh Carolyn Carter had sold 6,000 shares worth $168,000 on Friday, July 29. Blackstone Real Estate Partners VII.F L.P. sold $822.90M worth of Brixmor Property Group Inc (NYSE:BRX) on Friday, August 5. On Friday, November 18 the insider Schreiber John bought $237,000. Blackstone Real Estate Holdings VII L.P. had sold 20.00 million shares worth $520.20M on Wednesday, July 6. On Friday, September 30 SIEGEL STEVEN F sold $167,880 worth of the stock or 6,000 shares. Blackstone Retail Transaction II Holdco L.P. also sold $520.20M worth of Brixmor Property Group Inc (NYSE:BRX) shares.

Brixmor Property Group Inc. and subsidiaries is an internally managed real estate investment trust (REIT). The company has a market cap of $7.62 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 31.65 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>