The stock of Brixmor Property Group Inc (NYSE:BRX) gapped down by $0.27 today and has $25.54 target or 6.00% below today’s $27.17 share price. The 9 months technical chart setup indicates high risk for the $8.23B company. The gap down was reported on Oct, 4 by Barchart.com. If the $25.54 price target is reached, the company will be worth $493.80M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 2.23% or $0.62 on October 3, hitting $27.17. Brixmor Property Group Inc (NYSE:BRX) has risen 14.16% since March 1, 2016 and is uptrending. It has outperformed by 1.94% the S&P500.
Analysts await Brixmor Property Group Inc (NYSE:BRX) to report earnings on October, 24 after the close. They expect $0.51 EPS, 0.00% or $0.00 from last year’s $0.51 per share. BRX’s profit will be $154.48M for 13.32 P/E if the $0.51 EPS becomes a reality. After $0.50 actual EPS reported by Brixmor Property Group Inc for the previous quarter, Wall Street now forecasts 2.00% EPS growth.
Brixmor Property Group Inc (NYSE:BRX) Ratings Coverage
Out of 10 analysts covering Brixmor Property Group (NYSE:BRX), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Brixmor Property Group has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Monday, August 22, the company rating was upgraded by Evercore. The rating was upgraded by Zacks on Friday, August 7 to “Hold”. As per Wednesday, March 2, the company rating was downgraded by Evercore. RBC Capital Markets maintained it with “Outperform” rating and $30 target price in Thursday, October 29 report. The stock has “Outperform” rating given by Mitsubishi UFJ on Wednesday, September 7. Barclays Capital maintained Brixmor Property Group Inc (NYSE:BRX) on Tuesday, July 19 with “Equalweight” rating. The rating was upgraded by Sandler O’Neill on Wednesday, March 2 to “Buy”. On Tuesday, September 8 the stock rating was maintained by Evercore with “Buy”. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, February 9. The stock of Brixmor Property Group Inc (NYSE:BRX) has “Neutral” rating given on Friday, June 3 by JP Morgan.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.58 in Q2 2016. Its up 1.48, from 1.1 in 2016Q1. The ratio improved, as 10 funds sold all Brixmor Property Group Inc shares owned while 50 reduced positions. 37 funds bought stakes while 118 increased positions. They now own 330.14 million shares or 6.13% more from 311.08 million shares in 2016Q1.
Exane Derivatives has invested 0% of its portfolio in Brixmor Property Group Inc (NYSE:BRX). Stephens Ar last reported 116,470 shares in the company. British Columbia Invest Corp reported 222,797 shares or 0.05% of all its holdings. Copeland Cap Mgmt Ltd Liability Com last reported 258,900 shares in the company. Sumitomo Mitsui Tru accumulated 0.03% or 677,928 shares. Alliancebernstein Limited Partnership has invested 0.01% of its portfolio in Brixmor Property Group Inc (NYSE:BRX). Caisse De Depot Et Placement Du Quebec owns 41,100 shares or 0% of their US portfolio. Moreover, Counsel Serv has 0.26% invested in Brixmor Property Group Inc (NYSE:BRX) for 101,000 shares. Blackstone Grp Lp owns 88.89 million shares or 10.86% of their US portfolio. Prudential Finance owns 1.15 million shares or 0.05% of their US portfolio. State Street Corp accumulated 6.85M shares or 0.02% of the stock. Aqr Mngmt Ltd Liability Co last reported 288,897 shares in the company. Teachers Advsr Incorporated has 0.01% invested in the company for 160,835 shares. Blackrock, a New York-based fund reported 416,287 shares. Friedberg Inv, a Texas-based fund reported 12,900 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 20 sales for $12.50 billion net activity. 20.00M shares were sold by BLACKSTONE REAL ESTATE PARTNERS VI TE 1 L P, worth $520.20M on Wednesday, July 6. Blackstone Retail Transaction II Holdco L.P. also sold $822.90M worth of Brixmor Property Group Inc (NYSE:BRX) shares. Shares for $520.20 million were sold by Blackstone Real Estate Partners VII.F L.P. on Wednesday, July 6. Shares for $1.16 billion were sold by BRX Holdco LLC on Tuesday, August 16. Blackstone Real Estate Holdings VII L.P. also sold $822.90 million worth of Brixmor Property Group Inc (NYSE:BRX) on Friday, August 5. Shares for $151,920 were sold by SIEGEL STEVEN F. Singh Carolyn Carter also sold $168,000 worth of Brixmor Property Group Inc (NYSE:BRX) shares.
More notable recent Brixmor Property Group Inc (NYSE:BRX) news were published by: Forbes.com which released: “Ex-Dividend Reminder: The Gap, Brixmor Property Group and Mack Cali Realty” on September 29, 2016, also Wsj.com with their article: “Brixmor Property Appoints New CEO” published on April 12, 2016, Seekingalpha.com published: “REIT Focus: Brixmor Property Group, Inc.” on September 19, 2016. More interesting news about Brixmor Property Group Inc (NYSE:BRX) were released by: Prnewswire.com and their article: “Brixmor Property Group Names Mark Horgan Executive Vice President, Chief …” published on May 11, 2016 as well as Fool.com‘s news article titled: “Why Brixmor Property Group Inc. Stock Plummeted Today” with publication date: February 08, 2016.
BRX Company Profile
Brixmor Property Group Inc., incorporated on May 27, 2011, and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its activities and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership. The Firm operates the wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the United States. The Company’s portfolio consists of over 515 shopping centers totaling approximately 90 million square feet of gross leasable area.
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