Brixmor Property Group (BRX) Upgraded at Citigroup

Mae Love
January 13, 2018

Presima Inc. acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $24,750,000.

CBL trades at a forward P/E of 17.14, a P/B of 0.85, and a P/S of 1.01, compared to a forward P/E of 23.67, a P/B of 1.87, and a P/S of 4.26 for BRX. MA ended last trade at 7.03 a share and the price is up more than 4.30% so far this year. The Return on Equity ratio of Brixmor Property Group Inc. (NYSE:BRX) closed January 11 at $16.94, down -32.08% or $8 from its record high price of $24.94. It has underperformed by 20.83% the S&P500.

Fjarde Ap-Fonden Fourth Swedish National Pension Fund increased its stake in Amazon Com Inc (AMZN) by 1.88% based on its latest 2017Q3 regulatory filing with the SEC. Wolverine Asset Mngmt Limited Liability Company has 1,382 shares. Lasalle Investment Management Securities LLC now owns 8,427,309 shares of the real estate investment trust's stock valued at $234,195,000 after buying an additional 2,199,913 shares during the period. Investors who are keeping close eye on the stock of Oclaro, Inc. The stock decreased 0.70% or $0.79 during the last trading session, reaching $111.39. Dowling Yahnke Limited Liability accumulated 3,556 shares. (NYSE:BRX) by 2.07% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has outperformed by 10.05% the S&P500.

Investors sentiment increased to 1.57 in Q3 2017. CBL has a beta of 1.17 and BRX's beta is 0.53. It improved, as 19 investors sold BRX shares while 74 reduced holdings. Quantbot Technology L P reported 82,481 shares. Lord Abbett & Co Ltd has 1.26 million shares. Mai Capital Management invested in 0.06% or 11,050 shares. Public Employees Retirement Association Of Colorado, Colorado-based fund reported 9,604 shares.

Citigroup upgraded shares of Brixmor Property Group (NYSE:BRX) to an overweight rating in a report issued on Wednesday, January 3rd, The Fly reports. After $0.52 actual EPS reported by Brixmor Property Group Inc. for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth. (NYSE:BRX) for 908,400 shares. State Of Alaska Department Of Revenue owns 0.16% invested in Brixmor Property Group Inc. (NYSE:BRX) for 69,700 shares. The stock of Brixmor Property Group Inc. Regentatlantic Limited holds 0.07% or 10,263 shares. State Of Wisconsin Investment Board has 0.01% invested in Brixmor Property Group Inc. Cibc Markets holds 0.05% or 291,300 shares in its portfolio. FMR LLC now owns 12,076,636 shares of the real estate investment trust's stock valued at $319,548,000 after buying an additional 6,670,186 shares during the period. Wolverine Asset Ltd Limited Liability Company owns 86,425 shares for 0.02% of their portfolio. (NYSE:BRX). Independent Order Of Foresters reported 0.4% of its portfolio in Brixmor Property Group Inc. (NYSE:BRX). Robeco Institutional Asset Bv reported 0% stake. Engineers Gate Manager Ltd Partnership reported 5,112 shares stake. Chevy Chase Holdg owns 290,021 shares. Mizuho downgraded Brixmor Property Group from a buy rating to a neutral rating and set a $19.00 price objective for the company.in a research note on Monday, December 11th. Therefore 58% are positive. Caesars Entertainment had 7 analyst reports since December 14, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with "Top Pick" rating and $80 target in Friday, September 29 report. The rating was maintained by RBC Capital Markets with "Hold" on Monday, August 7. The firm has "Buy" rating by DA Davidson given on Friday, August 21. As per Monday, August 22, the company rating was upgraded by Evercore. Moreover, Davis Selected Advisers has 0.01% invested in Brixmor Property Group Inc. The rating was maintained by Barclays Capital with "Equalweight" on Tuesday, July 19. Finally, Boenning Scattergood reaffirmed a "buy" rating and set a $22.00 price target on shares of Brixmor Property Group in a research report on Tuesday, November 21st.

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The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $6.08B.

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. (NYSE:BRX) Performing Well? The company was maintained on Friday, July 14 by Credit Suisse. Following the completion of the purchase, the executive vice president now directly owns 56,703 shares of the company's stock, valued at $1,000,240.92. (NYSE:BRX). Veritable Lp has invested 0.01% in Brixmor Property Group Inc. They expect $0.50 EPS, down 5.66% or $0.03 from last year's $0.53 per share. BRX's profit would be $152.67 million giving it 8.52 P/E if the $0.50 EPS is correct. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.

Investors sentiment increased to 1.18 in 2017 Q3. Its down 0.10, from 1.36 in 2017Q2. Hanseatic Management Serv has 3.28% invested in Amazon.com, Inc. Also Nasdaq.com published the news titled: "Brixmor Property Group Inc". Apg Asset Management Nv accumulated 0% or 104,000 shares. Brean Capital maintained Facebook, Inc. (NASDAQ:HSIC) or 141,786 shares.

Investors also need to beware of the AMC Entertainment Holdings, Inc. (NASDAQ:FB) for 59,070 shares. Northstar Gru stated it has 1.06% in Facebook, Inc. (NASDAQ:AMZN) for 242,207 shares. Metropolitan Life Ins Co invested in 0.04% or 82,509 shares. Corporate insiders own 0.27% of the company's stock. Stevens Cap Ltd Partnership, Pennsylvania-based fund reported 161,449 shares.

Since August 3, 2017, it had 0 insider purchases, and 9 insider sales for $16.47 million activity. 7,562 shares were sold by Baer Marc H, worth $300,346. Blackburn Jeffrey M had sold 2,077 shares worth $2.05 million. 293.48 million shares or 3.16% less from 303.07 million shares in 2017Q2 were reported.

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