Brixmor Property Group Inc (BRX) was Initiated by Mizuho to “Neutral” and the brokerage firm has set the Price Target at $23. Mizuho advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on Brixmor Property Group Inc. Company shares were Reiterated by Barclays on Mar 10, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 27 from a previous price target of $25 .Brixmor Property Group Inc was Upgraded by Sandler O’Neill to ” Buy” on Mar 2, 2016. Shares were Downgraded by Barclays on Feb 9, 2016 to ” Equal Weight” and Lowered the Price Target to $ 25 from a previous price target of $28 .
On the company’s financial health, Brixmor Property Group Inc reported $0.51 EPS for the quarter, based on the information available during the earnings call on Feb 29, 2016. Analyst had a consensus estimate of $0.51. The company had revenue of $325.60 million for the quarter, compared to analysts expectations of $318.60 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Brixmor Property Group Inc closed down -0.14 points or -0.55% at $25.19 with 8,81,097 shares getting traded on Monday. Post opening the session at $25.22, the shares hit an intraday low of $25.085 and an intraday high of $25.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jan 5, 2016, Steven F Siegel (officer ) sold 3,000 shares at $26.01 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.