KeyCorp Upgrades Brixmor Property Group (BRX) to “Overweight”

Brixmor Property Group (NYSE:BRX) was upgraded by research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Monday, Marketbeat reports. The brokerage presently has a $18.00 price objective on the real estate investment trust’s stock. KeyCorp’s price target suggests a potential upside of 11.52% from the company’s current price.

Several other brokerages have also recently commented on BRX. Mizuho cut shares of Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday, August 21st. Citigroup increased their price target on shares of Brixmor Property Group from $16.50 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. ValuEngine cut shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Sandler O’Neill cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $20.00 price target on shares of Brixmor Property Group in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.50.

Shares of BRX stock opened at $16.14 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.92. Brixmor Property Group has a one year low of $13.74 and a one year high of $18.83. The stock has a market cap of $4.67 billion, a PE ratio of 7.72, a P/E/G ratio of 2.01 and a beta of 0.43.



Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Brixmor Property Group had a net margin of 23.30% and a return on equity of 10.21%. The business had revenue of $306.48 million for the quarter, compared to analysts’ expectations of $301.87 million. During the same quarter last year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Brixmor Property Group will post 2 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRX. Qube Research & Technologies Ltd acquired a new stake in Brixmor Property Group during the second quarter worth about $124,000. Spirit of America Management Corp NY raised its stake in Brixmor Property Group by 143.5% during the third quarter. Spirit of America Management Corp NY now owns 7,975 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,700 shares during the period. Private Advisor Group LLC acquired a new stake in Brixmor Property Group during the second quarter worth about $201,000. Signition LP acquired a new stake in Brixmor Property Group during the second quarter worth about $222,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Brixmor Property Group during the second quarter worth about $258,000.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 471 retail centers comprise approximately 80 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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