Brixmor Property Group (NYSE:BRX) Price Target Cut to $31.25 by Analysts at Stifel Nicolaus

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target dropped by stock analysts at Stifel Nicolaus from $31.75 to $31.25 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Stifel Nicolaus' price objective would suggest a potential upside of 12.56% from the stock's current price.

Several other equities research analysts also recently weighed in on BRX. BMO Capital Markets upgraded shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Truist Financial lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Scotiabank upped their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Tuesday. Finally, Wells Fargo & Company cut their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.87.

Brixmor Property Group Stock Down 1.3 %

Shares of BRX stock traded down $0.36 during mid-day trading on Tuesday, hitting $27.76. The stock had a trading volume of 2,275,205 shares, compared to its average volume of 2,593,915. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The firm's 50-day moving average is $27.16 and its two-hundred day moving average is $27.45. The firm has a market capitalization of $8.39 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. On average, analysts predict that Brixmor Property Group will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now owns 315,004 shares of the company's stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brixmor Property Group

Institutional investors have recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock worth $26,000 after buying an additional 723 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Brixmor Property Group in the fourth quarter valued at approximately $26,000. Finally, Quarry LP lifted its stake in Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 364 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.