Brixmor Property Group (NYSE:BRX) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Brixmor Property Group (NYSE:BRX) from a strong sell rating to a sell rating in a report issued on Tuesday, ValuEngine reports.

BRX has been the topic of a number of other reports. KeyCorp increased their price objective on shares of Brixmor Property Group from $22.00 to $24.00 and gave the company an overweight rating in a research note on Tuesday, November 5th. Scotiabank downgraded shares of Brixmor Property Group from an outperform rating to a sector perform rating and dropped their target price for the stock from $20.00 to $19.00 in a research report on Friday, August 16th. Barclays restated a hold rating and issued a $21.00 target price on shares of Brixmor Property Group in a research note on Sunday, October 13th. Zacks Investment Research raised shares of Brixmor Property Group from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Tuesday, October 29th. Finally, Sandler O’Neill raised shares of Brixmor Property Group from a hold rating to a buy rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $20.28.

Shares of NYSE BRX opened at $21.69 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.76. Brixmor Property Group has a fifty-two week low of $14.11 and a fifty-two week high of $22.74. The business has a 50 day moving average price of $21.61 and a two-hundred day moving average price of $19.38. The firm has a market cap of $6.53 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.73.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.20). Brixmor Property Group had a net margin of 24.75% and a return on equity of 10.41%. The business had revenue of $292.97 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same quarter last year, the company posted $0.42 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts anticipate that Brixmor Property Group will post 1.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be paid a dividend of $0.285 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, January 3rd. This represents a $1.14 annualized dividend and a yield of 5.26%. Brixmor Property Group’s payout ratio is presently 60.54%.

In related news, insider Steven F. Siegel sold 7,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $22.01, for a total transaction of $165,075.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian T. Finnegan sold 3,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $22.24, for a total value of $66,720.00. Following the transaction, the insider now owns 224,646 shares of the company’s stock, valued at $4,996,127.04. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of BRX. Huntington National Bank bought a new stake in Brixmor Property Group in the 3rd quarter valued at about $26,000. Phocas Financial Corp. bought a new stake in shares of Brixmor Property Group during the second quarter valued at approximately $53,000. Institutional & Family Asset Management LLC bought a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $55,000. First Quadrant L P CA raised its holdings in shares of Brixmor Property Group by 1,263.2% during the third quarter. First Quadrant L P CA now owns 3,040 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,817 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Brixmor Property Group during the second quarter worth approximately $82,000. Institutional investors own 99.20% 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 425 retail centers comprise approximately 74 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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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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