Brixmor Property (NYSE:BRX) has been upgraded from Market Perform to Outperform in a statement by Wells Fargo earlier today.
- Updated: November 28, 2016
Having a price of $24.59, Brixmor Property (NYSE:BRX) traded 0.86% higher on the day. With the last close down -7.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Brixmor Property has recorded a 50-day average of $25.17 and a two hundred day average of $26.56. Volume of trade was down over the average, with 447,232 shares of BRX changing hands under the typical 1,820,200
Wells Fargo has upgraded Brixmor Property (NYSE:BRX) from Market Perform to Outperform in a statement released on 11/28/2016.
With a total market value of $0, Brixmor Property has price-earnings ratio of 31.05 with a one year low of $19.91 and a one year high of $29.14 .
A total of 13 analysts have released a research note on Brixmor Property. One analyst rating the company a strong buy, two analysts rating the company a buy, twelve analysts rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $26.83.
General Company Details For Brixmor Property (NYSE:BRX)
Brixmor Property Group Inc. and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership. The Company operates the wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the United States. The Company's portfolio consists of over 515 shopping centers totaling approximately 90 million square feet of gross leasable area. The Company's community and neighborhood shopping centers provide a mix of retailers and are primarily located in over 50 Metropolitan Statistical Areas.
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