Short Term Price Target on Brixmor Property Group (BRX)

Brixmor Property Group (NYSE:BRX) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $23. The average forecast of all the analysts is $26.25 and the expected standard deviation is $1.6.

Shares of Brixmor Property Group Inc. rose by 3.08% in the last five trading days and 3.85% for the last 4 weeks. Brixmor Property Group Inc. is up 3.72% in the last 3-month period. Year-to-Date the stock performance stands at 4.46%. 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) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Brixmor Property Group (NYSE:BRX): The stock opened at $26.06 on Thursday but the bulls could not build on the opening and the stock topped out at $26.61 for the day. The stock traded down to $26.01 during the day, due to lack of any buying support eventually closed down at $26.46 with a loss of -1.75% for the day. The stock had closed at $26.93 on the previous day. The total traded volume was 11,373,635 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.