Brixmor Property Group Inc (BRX) reported quarterly earnings results on Monday, Jul-25-2016. The company reported $0.50 EPS for the quarter. Analysts had a consensus estimate of $0.50. The company posted revenue of $310.10 million in the period, compared to analysts expectations of $315.36 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Brixmor Property Group Inc. Brixmor Property Group Inc was Upgraded by JP Morgan to ” Neutral” on Jun 3, 2016.
Brixmor Property Group Inc opened for trading at $27.28 and hit $27.39 on the upside on Wednesday, eventually ending the session at $27.39, with a gain of 0.40% or 0.11 points. The heightened volatility saw the trading volume jump to 11,73,785 shares. Company has a market cap of $8,197 M.
In a different news, on Jul 1, 2016, Steven F Siegel (EVP, General Counsel) sold 6,000 shares at $26.34 per share price. According to the SEC, on Oct 23, 2015, Michael B Berman (director) purchased 91 shares at $24.84 per share price. On Aug 31, 2015, William D. Rahm (director) purchased 5,000 shares at $23.50 per share price, according to the Form-4 filing with the securities and exchange commission.
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.