Brixmor Property Group (NYSE:BRX) : The consensus on Brixmor Property Group (NYSE:BRX) based on 12 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Brixmor Property Group (NYSE:BRX) : Average target price received by Brixmor Property Group (NYSE:BRX) is $26.25 with an expected standard deviation of $1.6. The most aggressive target on the stock is $28, whereas the most downbeat target is $23. 9 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm JP Morgan upgrades its rating on Brixmor Property Group (NYSE:BRX). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The Analysts at JP Morgan maintains a current price target of $26 per share. The rating by the firm was issued on June 3, 2016.
Brixmor Property Group (NYSE:BRX): stock turned positive on Tuesday. Though the stock opened at $26.45, the bulls momentum made the stock top out at $26.99 level for the day. The stock recorded a low of $26.31 and closed the trading day at $26.99, in the green by 2.66%. The total traded volume for the day was 1,611,076. The stock had closed at $26.29 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Siegel Steven F, officer (EVP, General Counsel) of Brixmor Property Group Inc., had unloaded 6,000 shares at an average price of $25.32 in a transaction dated on May 31, 2016. The total value of the transaction was worth $151,920.
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.