Brixmor Property Group Inc (BRX) is Upgraded by Wells Fargo to Outperform

Brixmor Property Group Inc (BRX) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Nov 28, 2016.

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 Oct 24, 2016. Analyst had a consensus estimate of $0.51. The company had revenue of $318.58 million for the quarter, compared to analysts expectations of $313.17 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Brixmor Property Group Inc opened for trading at $24.42 and hit $24.61 on the upside on Friday, eventually ending the session at $24.59, with a gain of 0.86% or 0.21 points. The heightened volatility saw the trading volume jump to 4,46,432 shares. Company has a market cap of $7,483 M.

In a different news, on Nov 21, 2016, James M Jr Taylor (CEO) purchased 10,000 shares at $23.82 per share price. According to the SEC, on Nov 21, 2016, John Schreiber (director) purchased 10,000 shares at $23.70 per share price. On Oct 31, 2016, Steven F Siegel (officer ) sold 6,000 shares at $25.26 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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