Brixmor Property Group Inc. (NYSE:BRX) Lowered to “Sell” at Zacks Investment Research

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 to clients and investors on Thursday, November 2nd.

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. “

A number of other research firms have also commented on BRX. Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price target on shares of Brixmor Property Group in a research report on Thursday, November 2nd. Boenning Scattergood set a $22.00 target price on shares of Brixmor Property Group and gave the company a “buy” rating in a report on Wednesday, November 1st. BMO Capital Markets set a $20.00 target price on shares of Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday, October 31st. Barclays PLC reaffirmed a “hold” rating and set a $22.00 price target on shares of Brixmor Property Group in a report on Monday, August 14th. Finally, ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $23.11.

Shares of Brixmor Property Group (BRX) opened at $18.56 on Thursday. Brixmor Property Group has a 12 month low of $17.23 and a 12 month high of $25.34. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $5,659.63, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 1.79 and a beta of 0.51.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). The business had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. equities research analysts forecast that Brixmor Property Group will post 2.08 EPS for the current fiscal year.

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In other news, EVP Mark Horgan purchased 3,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $17.64 per share, with a total value of $52,920.00. Following the completion of the acquisition, the executive vice president now owns 56,703 shares in the company, valued at approximately $1,000,240.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.27% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. bought a new position in Brixmor Property Group during the third quarter valued at approximately $100,000. Pacer Advisors Inc. grew its position in Brixmor Property Group by 8.4% during the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 554 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Brixmor Property Group by 621.1% in the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Brixmor Property Group by 159.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,203 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Brixmor Property Group by 38.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 2,600 shares during the last quarter.

About Brixmor Property Group

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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