Brixmor Property Group (NYSE:BRX) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Brixmor Property Group (NYSE:BRXFree Report) in a research note published on Tuesday, Briefing.com reports. The brokerage issued a buy rating and a $27.00 target price on the real estate investment trust’s stock.

A number of other analysts also recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $24.00 to $23.00 and set an equal weight rating on the stock in a report on Monday, November 13th. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $24.50 to $22.75 and set a hold rating for the company in a research report on Tuesday, October 31st. Mizuho lifted their target price on shares of Brixmor Property Group from $22.00 to $23.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Finally, StockNews.com assumed coverage on shares of Brixmor Property Group in a research report on Thursday, October 5th. They set a hold rating for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $25.09.

Check Out Our Latest Stock Report on BRX

Brixmor Property Group Stock Up 0.4 %

BRX stock opened at $22.68 on Tuesday. The company has a market cap of $6.82 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.82 and a beta of 1.57. Brixmor Property Group has a 52 week low of $19.40 and a 52 week high of $24.47. The company’s 50-day moving average price is $22.71 and its 200 day moving average price is $21.97. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.71.

Insider Activity

In other news, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the transaction, the insider now owns 186,873 shares of the company’s stock, valued at $4,298,079. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Brixmor Property Group news, CFO Angela M. Aman sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now owns 152,054 shares of the company’s stock, valued at $3,649,296. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the transaction, the insider now directly owns 186,873 shares in the company, valued at approximately $4,298,079. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $586,950 over the last 90 days. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

A number of large investors have recently bought and sold shares of BRX. Wellington Management Group LLP raised its stake in Brixmor Property Group by 99.4% during the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after purchasing an additional 10,028,534 shares during the period. Norges Bank acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $67,125,000. Deutsche Bank AG increased its position in shares of Brixmor Property Group by 1,073.3% in the third quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock worth $62,754,000 after acquiring an additional 2,762,529 shares in the last quarter. State Street Corp increased its position in shares of Brixmor Property Group by 13.6% in the first quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock worth $430,669,000 after acquiring an additional 2,001,159 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Brixmor Property Group in the first quarter worth $29,115,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.

Brixmor Property Group Company Profile

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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 364 retail centers comprise approximately 65 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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