Brixmor Property Group (NYSE:BRX) PT Raised to $28.00

Brixmor Property Group (NYSE:BRX) had its price target boosted by Evercore ISI from $27.00 to $28.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would indicate a potential downside of 0.28% from the stock’s current price.

Several other research firms have also recently weighed in on BRX. Wells Fargo & Company lifted their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and set a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. StockNews.com lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Stifel Nicolaus lifted their target price on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, Truist Financial increased their price target on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.38.

Brixmor Property Group Trading Up 0.2 %

Shares of Brixmor Property Group stock traded up $0.06 on Monday, reaching $28.08. 164,451 shares of the company were exchanged, compared to its average volume of 2,311,426. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group has a fifty-two week low of $19.46 and a fifty-two week high of $28.25. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 4.78 and a beta of 1.57. The stock has a fifty day moving average price of $25.66 and a 200-day moving average price of $23.48.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. During the same period in the prior year, the company posted $0.52 earnings per share. Brixmor Property Group’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts expect that Brixmor Property Group will post 2.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s 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 completion of the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the sale, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its position in shares of Brixmor Property Group by 10.0% in the fourth quarter. QRG Capital Management Inc. now owns 12,049 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 1,096 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Brixmor Property Group by 0.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182,527 shares of the real estate investment trust’s stock worth $4,138,000 after purchasing an additional 1,613 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Brixmor Property Group by 39.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 30,973 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 8,778 shares during the period. Great Lakes Advisors LLC raised its position in shares of Brixmor Property Group by 10.3% during the fourth quarter. Great Lakes Advisors LLC now owns 155,630 shares of the real estate investment trust’s stock valued at $3,622,000 after buying an additional 14,481 shares during the last quarter. Finally, ING Groep NV bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $4,184,000. 98.43% of the stock is owned by institutional investors.

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.