Evercore ISI Lowers Brixmor Property Group (NYSE:BRX) Price Target to $31.00

Brixmor Property Group (NYSE:BRX - Get Free Report) had its target price decreased by investment analysts at Evercore ISI from $32.00 to $31.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price objective suggests a potential upside of 11.83% from the stock's current price.

A number of other analysts also recently commented on the company. Wells Fargo & Company increased their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Compass Point lifted their target price on Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Mizuho increased their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Truist Financial lifted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Scotiabank increased their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.19.

Brixmor Property Group Stock Up 0.7 %

NYSE BRX traded up $0.19 during trading hours on Tuesday, hitting $27.72. The company's stock had a trading volume of 495,911 shares, compared to its average volume of 2,261,401. Brixmor Property Group has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a market capitalization of $8.37 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 3.96 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The company's 50-day simple moving average is $28.69 and its two-hundred day simple moving average is $26.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company had revenue of $320.68 million during the quarter, compared to analysts' expectations of $320.22 million. During the same period last year, the company earned $0.50 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts anticipate that Brixmor Property Group will post 2.14 EPS 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 company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value 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. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.76% of the company's stock.

Institutional Investors Weigh In On Brixmor Property Group

Several hedge funds have recently bought and sold shares of the stock. Zurich Insurance Group Ltd FI bought a new position in shares of Brixmor Property Group in the 2nd quarter worth $49,546,000. Canada Pension Plan Investment Board increased its stake in Brixmor Property Group by 37.4% in the second quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust's stock valued at $169,131,000 after acquiring an additional 1,995,299 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Brixmor Property Group during the third quarter valued at about $46,695,000. Millennium Management LLC lifted its stake in Brixmor Property Group by 35.5% during the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock worth $132,443,000 after purchasing an additional 1,501,282 shares during the last quarter. Finally, Brookfield Corp ON purchased a new position in shares of Brixmor Property Group in the 3rd quarter worth about $38,051,000. 98.43% of the stock is currently 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.