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Brixmor Property (BRX) Gets a Hold from Wells Fargo

Tipranks - Tipranks - Wed Sep 2, 6:32AM CDT

In a report released today, James Feldman from Wells Fargo maintained a Hold rating on Brixmor Property, with a price target of $33.00.

According to TipRanks, Feldman is a 3-star analyst with an average return of 3.3% and a 52.92% success rate. Feldman covers the Real Estate sector, focusing on stocks such as Sun Communities, Invitation Homes, and American Homes.

Currently, the analyst consensus on Brixmor Property is a Strong Buy with an average price target of $35.23.

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Based on Brixmor Property’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $354.2 million and a net profit of $73.66 million. In comparison, last year the company earned a revenue of $339.49 million and had a net profit of $85.14 million

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRX in relation to earlier this year. Last month, Michael B. Berman, a Director at BRX sold 9,000.00 shares for a total of $267,300.00.

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