Brixmor Property Group Inc. (BRX) Given “Hold” Rating at Royal Bank Of Canada

Brixmor Property Group Inc. (NYSE:BRX)‘s stock had its “hold” rating reiterated by equities researchers at Royal Bank Of Canada in a research report issued on Thursday. They currently have a $22.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 25.93% from the company’s current price.

Other equities analysts have also issued reports about the stock. ValuEngine raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Mizuho raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Monday, August 14th. Boenning Scattergood set a $22.00 price objective on shares of Brixmor Property Group and gave the company a “buy” rating in a report on Wednesday. Barclays PLC cut their price objective on shares of Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Finally, Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Brixmor Property Group has a consensus rating of “Hold” and a consensus price target of $23.39.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). The business had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share.

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In other Brixmor Property Group news, Director John Schreiber purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $374,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James M. Taylor, Jr. purchased 15,600 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the transaction, the insider now directly owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

A number of large investors have recently bought and sold shares of BRX. BlackRock Inc. boosted its holdings in Brixmor Property Group by 35.0% in the 2nd quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after purchasing an additional 7,543,528 shares during the last quarter. First Manhattan Co. boosted its holdings in Brixmor Property Group by 399.3% in the 2nd quarter. First Manhattan Co. now owns 1,537,970 shares of the real estate investment trust’s stock valued at $27,498,000 after purchasing an additional 1,229,970 shares during the last quarter. State Street Corp boosted its holdings in Brixmor Property Group by 12.0% in the 2nd quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after purchasing an additional 1,159,181 shares during the last quarter. Brookfield Asset Management Inc. boosted its holdings in Brixmor Property Group by 15.9% in the 2nd quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after purchasing an additional 908,572 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Brixmor Property Group by 118.5% in the 2nd quarter. Macquarie Group Ltd. now owns 1,630,279 shares of the real estate investment trust’s stock valued at $29,150,000 after purchasing an additional 884,018 shares during the last quarter.

Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

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