Brixmor Property Group Inc. (NYSE:BRX) Given a $22.00 Price Target by Boenning Scattergood Analysts

Brixmor Property Group Inc. (NYSE:BRX) has been assigned a $22.00 price objective by equities research analysts at Boenning Scattergood in a note issued to investors on Wednesday, November 1st. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s target price points to a potential upside of 20.55% from the company’s current price. Boenning Scattergood also issued estimates for Brixmor Property Group’s Q4 2017 earnings at $0.51 EPS, Q1 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.53 EPS and FY2018 earnings at $2.14 EPS.

BRX has been the topic of a number of other research reports. Barclays PLC reissued a “hold” rating and issued a $22.00 target price on shares of Brixmor Property Group in a research note on Monday, August 14th. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets initiated coverage on Brixmor Property Group in a research note on Monday, September 11th. They set a “market perform” rating and a $20.00 price objective on the stock. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, August 14th. Finally, Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.11.

Shares of Brixmor Property Group (NYSE:BRX) opened at $18.25 on Wednesday. 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 12-month low of $17.23 and a 12-month high of $25.34. The stock has a market capitalization of $5,565.10, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.71 and a beta of 0.51.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The business had revenue of $314.50 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. analysts expect that Brixmor Property Group will post 2.09 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/11/13/boenning-scattergood-analysts-give-brixmor-property-group-inc-brx-a-22-00-price-target.html.

In other news, insider James M. Taylor, Jr. acquired 15,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the acquisition, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Schreiber acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average price of $18.72 per share, with a total value of $187,200.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $374,400. The disclosure for this purchase can be found here. Insiders have bought 28,600 shares of company stock valued at $540,264 over the last quarter. Company insiders own 0.27% of the company’s stock.

A number of large investors have recently bought and sold shares of BRX. BlackRock Inc. grew its position in shares of Brixmor Property Group by 35.0% during the 2nd quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after acquiring an additional 7,543,528 shares during the period. JPMorgan Chase & Co. grew its position in shares of Brixmor Property Group by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,222,816 shares of the real estate investment trust’s stock valued at $325,682,000 after acquiring an additional 383,162 shares during the period. State Street Corp grew its position in shares of Brixmor Property Group by 12.0% during the 2nd quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after acquiring an additional 1,159,181 shares during the period. Lasalle Investment Management Securities LLC grew its position in shares of Brixmor Property Group by 4.5% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 9,125,790 shares of the real estate investment trust’s stock valued at $163,169,000 after acquiring an additional 393,226 shares during the period. Finally, Brookfield Asset Management Inc. grew its position in shares of Brixmor Property Group by 15.9% during the 2nd quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after acquiring an additional 908,572 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply