Brixmor Property Group (NYSE:BRX) Price Target Raised to $27.50 at Stifel Nicolaus

Brixmor Property Group (NYSE:BRX) had its price target upped by research analysts at Stifel Nicolaus from $25.50 to $27.50 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 0.84% from the stock’s current price.

Several other equities research analysts have also recently commented on BRX. Truist Financial boosted their target price on Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and set a $33.00 price target (up previously from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. KeyCorp boosted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted their price target on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.54.

Brixmor Property Group Price Performance

Brixmor Property Group stock traded down $0.46 during mid-day trading on Tuesday, hitting $27.27. 1,801,665 shares of the company were exchanged, compared to its average volume of 2,278,858. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The business has a fifty day moving average of $27.49 and a 200 day moving average of $24.59. Brixmor Property Group has a 1-year low of $19.88 and a 1-year high of $28.45. The company has a market capitalization of $8.22 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The business had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. As a group, sell-side analysts expect that Brixmor Property Group will post 2.13 earnings per share for the current year.

Insider Activity

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.76% of the company’s stock.

Institutional Trading of Brixmor Property Group

Several hedge funds have recently made changes to their positions in BRX. Creative Planning raised its position in Brixmor Property Group by 2.8% during the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 396 shares during the last quarter. Fifth Third Bancorp grew its stake in Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 431 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Brixmor Property Group by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 481 shares during the period. State of Alaska Department of Revenue grew its holdings in Brixmor Property Group by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock valued at $4,961,000 after buying an additional 643 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in Brixmor Property Group by 0.8% in the 2nd quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock valued at $1,948,000 after buying an additional 659 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Company Profile

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 362 retail centers comprise approximately 64 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.