Investors Heaps up on BRIXMOR PROPERTY GROUP INC. (BRX)

Cornelia Mascio
Aprile 20, 2017

Brixmor Property Group Inc (NYSE:BRX) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research report issued on Tuesday.

Brixmor Property Group updated its FY17 guidance to $2.05-2.12 EPS. With an average shopping center size of 167,982 square feet as of December 31, 2016, the Company's portfolio consisted predominantly of community and neighborhood shopping centers.

01/20/2017 - Brixmor Property Group Inc. was upgraded to " by analysts at SunTrust. (NYSE:BRX)'s Buy count is 0 and Strong Buy is 6 while the number of analysts recommending Sell and Strong Sell are 0 and 3, respectively. Stifel Nicolaus cut their price target on Brixmor Property Group from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, February 14th. The consensus target price is $26.83 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 12 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.67, indicating analysts in general look favorably on the company's future prospects. Brixmor Property Group now has an average rating of "Hold" and an average target price of $28.17.

BRIXMOR PROPERTY GROUP INC.'s (BRX) witnessed a gain of 0.46% in recent trading period with closing price of $ 21.66. Public Employees Retirement Association of Colorado now owns 6,165 shares of the real estate investment trust's stock worth $171,000 after buying an additional 25 shares during the period. (BRX) closed -11.19% below its 200-day moving average and is -0.91% below another chart threshold, its 50-day moving average. The market capitalization of the company is at $6.66 Billion. (BRX) now has P/E (Price to Earnings) ratio of 23.92 while the company's industry has 28.86 P/E and the sector P/E is 20.51.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 13th. The business earned $324 million during the quarter, compared to analyst estimates of $322.05 million.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Brixmor Property Group Inc.

Brixmor Property Group Inc. had its " rating reiterated by analysts at Boenning & Scattergood. The Q2 2017 consensus earnings estimates for the company have stabilized at US$0.21 per share. On average, equities analysts forecast that Brixmor Property Group will post $0.86 earnings per share for the current fiscal year. Investors of record on Wednesday, April 5th were issued a $0.26 dividend. The ex-dividend date was Monday, April 3rd. This represents a $1.04 annualized dividend and a yield of 4.76%. Brixmor Property Group's dividend payout ratio (DPR) is presently 114.29%.

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In addition to Zacks Investment Research reporting its target price, a total of 13 brokers have issued a report on the stock.

In other news, Director John Schreiber acquired 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, November 18th. They now have a Dollars 24 price target on the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

In related news, insider James M. Taylor, Jr. bought 5,000 shares of the business's stock in a transaction on Wednesday, March 8th. The disclosure for this purchase can be found here.

Several hedge funds have recently bought and sold shares of BRX. TLP Group LLC bought a new stake in Brixmor Property Group during the third quarter valued at $118,000. Public Employees Retirement Association of Colorado increased its position in shares of Brixmor Property Group by 0.4% in the third quarter.

04/14/2016 - Mizuho began new coverage on Brixmor Property Group Inc. giving the company a " rating. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Brixmor Property Group by 46.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 7,775 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 2,466 shares in the last quarter.

According to Zacks brokerage recommendations, BRIXMOR PROPERTY GROUP INC.

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