Brixmor Property Group (NYSE:BRX) PT Raised to $28.00 at JPMorgan Chase & Co.

Brixmor Property Group (NYSE:BRX) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $26.00 to $28.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 8.74% from the stock’s current price.

Several other analysts also recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $33.00 price objective (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday. Compass Point lifted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho decreased their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, Stifel Nicolaus lifted their price objective on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.55.

Brixmor Property Group Price Performance

Shares of BRX stock traded down $0.63 on Wednesday, reaching $25.75. The company’s stock had a trading volume of 811,520 shares, compared to its average volume of 2,351,113. The stock’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $22.60. Brixmor Property Group has a 1 year low of $19.46 and a 1 year high of $26.41. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 4.32 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The company had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.33%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Analysts forecast that Brixmor Property Group will post 2.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Steven F. Siegel 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Institutional Trading of Brixmor Property Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares during the last quarter. Quarry LP purchased a new position in shares of Brixmor Property Group during the 4th quarter valued at about $40,000. GAMMA Investing LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at about $45,000. Larson Financial Group LLC purchased a new stake in shares of Brixmor Property Group in the first quarter worth about $47,000. Finally, Abich Financial Wealth Management LLC grew its holdings in Brixmor Property Group by 50.7% during the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 775 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

About Brixmor Property Group

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.