Brixmor Property Group (NYSE:BRX) should head towards $26.25 per share according to 9 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $23 per share. The higher price estimate target is at $28 according to the Analysts.
Many analysts have stated their opinion on the company shares. Major Brokerage house, JP Morgan upgrades its ratings on Brixmor Property Group (NYSE:BRX). In the latest research report, JP Morgan maintains the target price to $26 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on June 3, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities,The officer (EVP, General Counsel) of Brixmor Property Group Inc., Siegel Steven F sold 6,000 shares at $25.32 on May 31, 2016. The Insider selling transaction had a total value worth of $151,920. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Brixmor Property Group (NYSE:BRX) witnessed a volatile trading activity on Monday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $25.95 and reached the intraday high at $26.12. The bulls started the profit booking and pushed the shares to intraday low of $25.74. The trading session was marked by a volume range of 1,195,622 shares exchanging hands. The 52-week high of the shares is $26.98 and the 52-week low is $19.91. The market cap of the company stands at $7,745 million and there are 299,257,740 shares in public circulation.
Brixmor Property Group Inc. (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 operations 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 Companys principal business is the ownership and operation of community and neighborhood shopping centers. The Companys portfolio consists of 521 shopping centers totaling approximately 87 million square feet of gross leasable area. 520 of these shopping centers are 100% owned by the Company. The Companys community and neighborhood shopping centers provide a mix of retailers and are primarily located in the 50 Metropolitan Statistical Areas.