Brixmor Property Group (BRX) : Zacks Investment Research ranks Brixmor Property Group (BRX) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.67, which indicates as a Hold.
Brixmor Property Group (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.
Brixmor Property Group (NYSE:BRX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.90 and $26.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.93, notching a gain of 0.26% for the day. The total traded volume was 2,396,982 . The stock had closed at $26.86 on the previous day.
Also, Equity Analysts at the Brokerage Firm, JP Morgan, upgrades their rating on the shares of Brixmor Property Group (NYSE:BRX). JP Morgan has a Neutral rating on the shares. Previously, the analysts had a Underweight rating on the shares. As per the latest report, the brokerage house maintains the price target to $26 per share. The rating by the firm was issued on June 3, 2016. The company shares have rallied 13.77% from its 1 Year high price. On Jun 29, 2016, the shares registered one year high at $27.35 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $25.71 and the 200 Day Moving Average price is recorded at $25.20.
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.