Analyst Rating Update on Brixmor Property Group (BRX)

Brixmor Property Group (BRX) : 12 analysts are covering Brixmor Property Group (BRX) and their average rating on the stock is 2.67, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Brixmor Property Group (BRX) stock is expected to deviate a maximum of $2.11 from the average target price of $26.78 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $23.

Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Brixmor Property Group (NYSE:BRX). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $44 per share to $55 per share. The rating by the firm was issued on July 29, 2016.


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 $28.13 and $27.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.15, notching a gain of 0.07% for the day. The total traded volume was 4,249,828 . The stock had closed at $28.13 on the previous day.

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.

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