Brixmor Property Group Inc. (NYSE:BRX) was upgraded by research analysts at Boenning Scattergood from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The brokerage presently has a $22.00 target price on the real estate investment trust’s stock. Boenning Scattergood’s target price suggests a potential upside of 13.75% from the stock’s previous close.

BRX has been the subject of a number of other reports. Barclays PLC reiterated a “hold” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a report on Monday, August 14th. Mizuho upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, August 14th. BMO Capital Markets initiated coverage on shares of Brixmor Property Group in a report on Monday. They issued a “market perform” rating and a $20.00 price objective for the company. BidaskClub upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.85.

Brixmor Property Group (BRX) opened at 19.34 on Tuesday. The firm’s 50 day moving average price is $19.26 and its 200-day moving average price is $19.67. Brixmor Property Group has a 52 week low of $17.35 and a 52 week high of $29.14. The firm has a market cap of $5.90 billion, a PE ratio of 19.82 and a beta of 0.54.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $322.80 million during the quarter, compared to analysts’ expectations of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. Brixmor Property Group’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. On average, analysts forecast that Brixmor Property Group will post $0.86 EPS for the current year.

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In other news, Director John Schreiber purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was bought at an average cost of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James M. Taylor, Jr. purchased 15,600 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $19.24 per share, with a total value of $300,144.00. Following the completion of the acquisition, the insider now directly owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in BRX. Brookfield Asset Management Inc. raised its position in shares of Brixmor Property Group by 15.9% during the second quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after buying an additional 908,572 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Brixmor Property Group during the second quarter valued at about $493,000. Public Employees Retirement System of Ohio raised its position in shares of Brixmor Property Group by 9.7% during the second quarter. Public Employees Retirement System of Ohio now owns 419,632 shares of the real estate investment trust’s stock valued at $7,503,000 after buying an additional 36,956 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Brixmor Property Group by 52.2% during the second quarter. Verition Fund Management LLC now owns 44,712 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 15,335 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Brixmor Property Group by 52.7% during the second quarter. California State Teachers Retirement System now owns 598,707 shares of the real estate investment trust’s stock valued at $10,705,000 after buying an additional 206,685 shares during the last quarter.

Brixmor Property Group Company Profile

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.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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