Mizuho Securities Initiates Coverage on Brixmor Property Group Inc to Neutral

Mizuho Securities Initiates Coverage on Brixmor Property Group Inc(NYSE:BRX). The shares have been rated Neutral. The rating by Mizuho Securities was issued on Apr 13, 2016.

In a different note, On Apr 1, 2016, Citigroup said it Maintains its rating on Brixmor Property Group Inc. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 16, 2016, Credit Suisse said it Assumes its rating on Brixmor Property Group Inc. The shares have been rated ‘Neutral’ by the firm. On Mar 10, 2016, Barclays said it Maintains its rating on Brixmor Property Group Inc. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Mar 2, 2016, Evercore ISI Group said it Downgrades its rating on Brixmor Property Group Inc. The shares have been rated ‘Hold’ by the firm. On Mar 2, 2016, Sandler O’Neill said it Upgrades its rating on Brixmor Property Group Inc. The shares have been rated ‘Buy’ by the firm. On Mar 2, 2016, RBC Capital said it Upgrades its rating on Brixmor Property Group Inc. The shares have been rated ‘Sector Perform’ by the firm.

Brixmor Property Group Inc (BRX) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.04% at a volume of 15,23,209. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.63. The peak price level was also seen at $25.63 while the days lowest was $25.435. Finally the shares closed at $25.49. The 52-week high of the shares is $26.98 while the 52-week low is $19.91. According to the latest information available, the market cap of the company is $7,625 M.

Brixmor Property Group Inc(BRX) last announced its earnings results on Feb 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $325.55M. Analysts had an estimated revenue of $319.74M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.51.

Several Insider Transactions has been reported to the SEC. On Jan 5, 2016, Steven F Siegel (officer ) sold 3,000 shares at $26.01 per share price.Also, 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 Company’s principal business is the ownership and operation of community and neighborhood shopping centers. The Company’s 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 Company’s community and neighborhood shopping centers provide a mix of retailers and are primarily located in the 50 Metropolitan Statistical Areas.

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