Brixmor Property Group (BRX) Downgraded by Zacks Investment Research to Sell

Brixmor Property Group (NYSE:BRX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “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. “

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets reissued a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a report on Monday, February 11th. ValuEngine raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Wells Fargo & Co cut their target price on shares of Brixmor Property Group from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. KeyCorp raised shares of Brixmor Property Group from a “sector weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a report on Monday, October 29th. Finally, JPMorgan Chase & Co. cut shares of Brixmor Property Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Shares of BRX stock traded down $0.22 during trading hours on Wednesday, hitting $17.57. 5,777,300 shares of the company were exchanged, compared to its average volume of 5,609,262. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.59 and a current ratio of 0.59. Brixmor Property Group has a one year low of $13.84 and a one year high of $18.71. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 2.67 and a beta of 0.79.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.17). Brixmor Property Group had a return on equity of 12.82% and a net margin of 29.67%. The company had revenue of $297.66 million for the quarter, compared to the consensus estimate of $302.22 million. As a group, research analysts forecast that Brixmor Property Group will post 1.88 EPS for the current year.

Several large investors have recently made changes to their positions in BRX. Advisors Asset Management Inc. increased its stake in shares of Brixmor Property Group by 35.0% in the second quarter. Advisors Asset Management Inc. now owns 26,701 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 6,924 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Brixmor Property Group by 11.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 190,000 shares of the real estate investment trust’s stock valued at $3,327,000 after purchasing an additional 20,000 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Brixmor Property Group by 62.9% in the third quarter. Nisa Investment Advisors LLC now owns 18,900 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 7,300 shares during the period. Strs Ohio increased its stake in shares of Brixmor Property Group by 1.7% in the third quarter. Strs Ohio now owns 440,559 shares of the real estate investment trust’s stock valued at $7,714,000 after purchasing an additional 7,274 shares during the period. Finally, Ingalls & Snyder LLC increased its stake in shares of Brixmor Property Group by 1.9% in the third quarter. Ingalls & Snyder LLC now owns 229,915 shares of the real estate investment trust’s stock valued at $4,026,000 after purchasing an additional 4,283 shares during the period. Institutional investors own 98.80% of the company’s stock.

About Brixmor Property Group

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 445 retail centers comprise approximately 77 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

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