Brixmor Property Group Inc (BRX) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $31. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Aug 15, 2016.
Many Wall Street Analysts have commented on Brixmor Property Group Inc. Brixmor Property Group Inc was Upgraded by Citigroup to ” Buy” on Aug 12, 2016. Brixmor Property Group Inc was Upgraded by JP Morgan to ” Neutral” on Jun 3, 2016.
On the company’s financial health, Brixmor Property Group Inc reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $310.10 million for the quarter, 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.
Brixmor Property Group Inc opened for trading at $27.63 and hit $28.08 on the upside on Friday, eventually ending the session at $28.08, with a gain of 2.44% or 0.67 points. The heightened volatility saw the trading volume jump to 90,09,345 shares. Company has a market cap of $8,455 M.
Investors should note that on Jul 25, 2016, Brixmor Property Group Inc announced a cash dividend of $0.2450. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 17, 2016.
In a different news, on Jul 29, 2016, Carolyn Carter Singh (EVP, HR & Development) sold 6,000 shares at $28.00 per share price. According to the SEC, on Jul 29, 2016, Steven F Siegel (officer ) sold 6,000 shares at $28.39 per share price. On Oct 23, 2015, Michael B Berman (director) purchased 91 shares at $24.84 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.