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

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. “

Several other research analysts have also issued reports on BRX. Stifel Nicolaus increased their target price on Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Barclays reissued a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a research report on Wednesday, March 6th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a research report on Monday, February 11th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brixmor Property Group has an average rating of “Hold” and an average target price of $18.39.

NYSE BRX traded up $0.05 on Wednesday, hitting $18.19. The company’s stock had a trading volume of 2,254,984 shares, compared to its average volume of 3,684,792. Brixmor Property Group has a 52-week low of $14.10 and a 52-week high of $18.71. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $5.41 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 2.28 and a beta of 0.75.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.26). Brixmor Property Group had a return on equity of 12.96% and a net margin of 30.47%. The business had revenue of $291.10 million during the quarter, compared to analysts’ expectations of $290.85 million. During the same quarter last year, the business posted $0.51 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Sell-side analysts predict that Brixmor Property Group will post 1.89 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Nwam LLC boosted its holdings in shares of Brixmor Property Group by 2.0% in the first quarter. Nwam LLC now owns 32,885 shares of the real estate investment trust’s stock valued at $604,000 after purchasing an additional 651 shares during the period. Natixis Advisors L.P. raised its position in shares of Brixmor Property Group by 1.8% in the fourth quarter. Natixis Advisors L.P. now owns 40,087 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 722 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Brixmor Property Group by 2.6% in the fourth quarter. Advisors Asset Management Inc. now owns 34,845 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 873 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Brixmor Property Group by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 132,198 shares of the real estate investment trust’s stock valued at $2,427,000 after buying an additional 1,180 shares during the last quarter. Finally, Utah Retirement Systems raised its position in shares of Brixmor Property Group by 1.3% in the fourth quarter. Utah Retirement Systems now owns 92,345 shares of the real estate investment trust’s stock valued at $1,357,000 after buying an additional 1,200 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Brixmor Property Group Company Profile

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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