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

Brixmor Property Group (NYSE:BRX) had its price target increased by stock analysts at Stifel Nicolaus from $25.50 to $27.50 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential upside of 0.84% from the company’s previous close.

Several other equities analysts have also recently weighed in on BRX. Piper Sandler reissued an “overweight” rating and set a $33.00 price objective (up previously from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Truist Financial increased their price target 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. Compass Point increased their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI increased their price target on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.54.

Brixmor Property Group Price Performance

BRX stock traded down $0.46 during midday trading on Tuesday, hitting $27.27. 1,801,665 shares of the stock were exchanged, compared to its average volume of 2,278,858. The stock’s 50-day moving average price is $27.49 and its 200-day moving average price is $24.59. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a fifty-two week low of $19.88 and a fifty-two week high of $28.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50.

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 the consensus estimate of $0.52 by ($0.29). The business had revenue of $315.69 million for the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Research analysts predict that Brixmor Property Group will post 2.13 earnings per share for the current year.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the 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 owns 46,291 shares in the company, valued at approximately $1,178,105.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares during the period. Blue Trust Inc. raised its position in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $46,000. Larson Financial Group LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter valued at $47,000. Finally, Abich Financial Wealth Management LLC raised its position in Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 775 shares during the period. 98.43% of the stock is 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.