Wells Fargo & Co. upgraded Brixmor Property Group Inc (NYSE:BRX) to Outperform in a report released today.
- Updated: November 28, 2016
Wells Fargo & Co. has upgraded Brixmor Property Group Inc (NYSE:BRX) to Outperform in a report released on 11/28/2016.
Having a price of $24.59, Brixmor Property Group Inc (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 Standard & Poor's 500 Index which has decreased -0.03% over the same period. BRX has recorded a 50-day average of $25.17 and a two hundred day average of $26.56. Trade Volume was down over the average, with 447,232 shares of BRX changing hands under the typical 1,820,200
Recent Performance Chart
Brixmor Property Group Inc has PE ratio of 31.05 with a one year low of $19.91 and a one year high of $29.14 and has a market capitalization of $0.
A total of 13 analysts have released a report on Brixmor Property Group Inc. One analyst rating the company a strong buy, two analysts rating the company a buy, twelve analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $26.83.
General Company Details For Brixmor Property Group Inc (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.