Citigroup upgraded shares of Brixmor Property Group (NYSE:BRX) to an overweight rating in a report issued on Wednesday, January 3rd, The Fly reports. They currently have $21.00 target price on the real estate investment trust’s stock, up from their prior target price of $19.00. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently commented on BRX. ValuEngine raised Brixmor Property Group from a hold rating to a buy rating in a report on Monday, October 2nd. Royal Bank of Canada reissued a hold rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, November 2nd. Boenning Scattergood reaffirmed a buy rating and issued a $22.00 target price on shares of Brixmor Property Group in a research report on Tuesday, November 21st. Zacks Investment Research lowered Brixmor Property Group from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus began coverage on Brixmor Property Group in a report on Thursday, November 30th. They set a hold rating and a $19.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $20.38.

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Shares of Brixmor Property Group (NYSE BRX) opened at $16.62 on Wednesday. The firm has a market capitalization of $5,098.55, a P/E ratio of 15.68, a PEG ratio of 2.08 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. Brixmor Property Group has a twelve month low of $16.24 and a twelve month high of $24.64.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). The business had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. sell-side analysts predict that Brixmor Property Group will post 2.08 earnings per share for the current fiscal year.

Brixmor Property Group announced that its board has authorized a share buyback plan on Tuesday, December 5th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, EVP Mark Horgan bought 3,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $17.64 per share, with a total value of $52,920.00. Following the purchase, the executive vice president now owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

Several institutional investors have recently made changes to their positions in BRX. M&T Bank Corp lifted its holdings in Brixmor Property Group by 1.8% during the second quarter. M&T Bank Corp now owns 17,587 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 316 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Brixmor Property Group by 8.4% during the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 554 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Brixmor Property Group by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,283 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 712 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Brixmor Property Group by 9.1% during the second quarter. Federated Investors Inc. PA now owns 20,021 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 1,670 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its holdings in Brixmor Property Group by 13.1% during the second quarter. Meiji Yasuda Life Insurance Co now owns 16,440 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 1,900 shares in the last quarter. 98.65% of the stock is owned by institutional investors and hedge funds.

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About Brixmor Property Group

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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