Brixmor Property Group (NYSE:BRX) Given New $27.00 Price Target at Wells Fargo & Company

Brixmor Property Group (NYSE:BRX - Free Report) had its price objective lowered by Wells Fargo & Company from $29.00 to $27.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust's stock.

A number of other research firms also recently commented on BRX. Evercore ISI cut their target price on shares of Brixmor Property Group from $32.00 to $31.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Scotiabank increased their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Mizuho upped their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. BMO Capital Markets raised 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 report on Friday, December 6th. Finally, Stifel Nicolaus lifted their target price on Brixmor Property Group from $25.50 to $27.50 and gave the stock a "hold" rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.12.

Brixmor Property Group Trading Up 1.8 %

BRX traded up $0.46 on Wednesday, reaching $26.45. 2,502,407 shares of the company's stock were exchanged, compared to its average volume of 2,400,069. The company's 50 day moving average is $27.84 and its 200-day moving average is $27.30. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. Brixmor Property Group has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 3.58 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. During the same quarter last year, the company earned $0.50 earnings per share. The company's revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Brixmor Property Group will post 2.14 earnings per share for the current year.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its position in Brixmor Property Group by 8.4% in the second quarter. Bank of Montreal Can now owns 97,954 shares of the real estate investment trust's stock worth $2,265,000 after acquiring an additional 7,610 shares in the last quarter. Marshall Wace LLP boosted its position in Brixmor Property Group by 9.3% during the 2nd quarter. Marshall Wace LLP now owns 15,082 shares of the real estate investment trust's stock valued at $348,000 after acquiring an additional 1,285 shares in the last quarter. AQR Capital Management LLC raised its holdings in Brixmor Property Group by 33.3% in the second quarter. AQR Capital Management LLC now owns 730,619 shares of the real estate investment trust's stock worth $16,658,000 after purchasing an additional 182,566 shares in the last quarter. Creative Planning boosted its stake in Brixmor Property Group by 2.8% during the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust's stock worth $337,000 after acquiring an additional 396 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Brixmor Property Group by 0.8% during the second 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 during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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.