Brixmor Property Group Inc (BRX) is Upgraded by JP Morgan to Neutral

Brixmor Property Group Inc (BRX) was Upgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. JP Morgan advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on Brixmor Property Group Inc. Mizuho Initiated Brixmor Property Group Inc on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $23.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 .

On the company’s financial health, Brixmor Property Group Inc reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.51. The company had revenue of $323.10 million for the quarter, compared to analysts expectations of $321.61 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Brixmor Property Group Inc opened for trading at $25.14 and hit $25.48 on the upside on Wednesday, eventually ending the session at $25.48, with a gain of 0.91% or 0.23 points. The heightened volatility saw the trading volume jump to 12,54,640 shares. Company has a market cap of $7,625 M.

In a different news, on May 3, 2016, Steven F Siegel (EVP, General Counsel) sold 6,000 shares at $25.11 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 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.

Brixmor Property Group Inc

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