The stock of Brixmor Property Group Inc (NYSE:BRX) is a huge mover today! The stock decreased 2.42% or $0.65 on October 5, hitting $26.19. Brixmor Property Group Inc (NYSE:BRX) has risen 11.24% since March 2, 2016 and is uptrending. It has outperformed by 2.98% the S&P500.
The move comes after 9 months negative chart setup for the $7.93B company. It was reported on Oct, 6 by Barchart.com. We have $24.36 PT which if reached, will make NYSE:BRX worth $555.10 million less.
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 $154.42M for 12.84 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. The rating was maintained by Evercore on Tuesday, September 8 with “Buy”. Evercore upgraded the shares of BRX in a report on Monday, August 22 to “Buy” rating. The company was downgraded on Wednesday, March 2 by Evercore. RBC Capital Markets maintained it with “Outperform” rating and $30 target price in Thursday, October 29 report. The firm has “Buy” rating given on Monday, August 15 by Stifel Nicolaus. RBC Capital Markets upgraded the shares of BRX in a report on Wednesday, March 2 to “Sector Perform” rating. The company was reinitiated on Wednesday, March 16 by Credit Suisse. Citigroup upgraded the shares of BRX in a report on Friday, August 12 to “Buy” rating. The rating was maintained by Deutsche Bank on Monday, July 18 with “Hold”. The rating was upgraded by Sandler O’Neill to “Buy” on Wednesday, March 2.
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 increased, 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.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 18,910 shares or 0.01% of its portfolio. Toronto Dominion National Bank & Trust owns 1,155 shares or 0% of their US portfolio. Moreover, Kanaly Tru Communication has 0% invested in Brixmor Property Group Inc (NYSE:BRX) for 181 shares. Loomis Sayles And Co Limited Partnership accumulated 15,045 shares or 0% of the stock. Moreover, Gam Ag has 0% invested in Brixmor Property Group Inc (NYSE:BRX) for 10,597 shares. Td Asset Management accumulated 14,100 shares or 0% of the stock. Alliancebernstein Limited Partnership reported 253,994 shares or 0.01% of all its holdings. Lsv Asset reported 425,600 shares or 0.02% of all its holdings. Bnp Paribas Inv Partners has 0.01% invested in the company for 29,711 shares. Moreover, Teacher Retirement Systems Of Texas has 0.1% invested in Brixmor Property Group Inc (NYSE:BRX) for 570,992 shares. Price T Rowe Md has invested 0% of its portfolio in Brixmor Property Group Inc (NYSE:BRX). Hsbc Plc accumulated 465,313 shares or 0.03% of the stock. Moreover, Meiji Yasuda Life Ins Co has 0.03% invested in Brixmor Property Group Inc (NYSE:BRX) for 8,000 shares. Thrivent Financial For Lutherans owns 350,237 shares or 0.04% of their US portfolio. Axa holds 14,243 shares or 0% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 21 selling transactions for $12.50 billion net activity. $170,340 worth of Brixmor Property Group Inc (NYSE:BRX) was sold by SIEGEL STEVEN F. Blackstone Real Estate Partners VII.F L.P. also sold $1.16B worth of Brixmor Property Group Inc (NYSE:BRX) shares. 30.00 million Brixmor Property Group Inc (NYSE:BRX) shares with value of $822.90 million were sold by Blackstone Retail Transaction II Holdco L.P.. BLACKSTONE REAL ESTATE PARTNERS VI TE 1 L P sold $822.90 million worth of Brixmor Property Group Inc (NYSE:BRX) on Friday, August 5. $822.90 million worth of shares were sold by Blackstone Real Estate Holdings VII L.P. on Friday, August 5. Another trade for 6,000 shares valued at $168,000 was made by Singh Carolyn Carter on Friday, July 29. Shares for $520.20M were sold by BRX Holdco LLC on Wednesday, July 6.
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, Prnewswire.com published: “Brixmor Property Group Names Mark Horgan Executive Vice President, Chief …” on May 11, 2016. More interesting news about Brixmor Property Group Inc (NYSE:BRX) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Brixmor Property Group, Mack Cali Realty and Erie Indemnity” published on June 29, 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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