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

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target increased by equities researchers at Stifel Nicolaus from $25.50 to $27.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a "hold" rating on the real estate investment trust's stock. Stifel Nicolaus' price target suggests a potential downside of 0.07% from the company's current price.

A number of other analysts have also recently issued reports on BRX. Piper Sandler reiterated an "overweight" rating and issued a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Compass Point upped their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Truist Financial lifted their target price on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.54.

Brixmor Property Group Stock Down 0.8 %

Shares of BRX stock traded down $0.21 on Tuesday, reaching $27.52. 3,652,549 shares of the company's stock traded hands, compared to its average volume of 2,287,718. The company has a market capitalization of $8.29 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a 12-month low of $19.88 and a 12-month 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. The business's 50 day moving average price is $27.52 and its two-hundred day moving average price is $24.64.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results 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 net margin of 23.45% and a return on equity of 10.34%. The company had revenue of $320.68 million for the quarter, compared to analysts' expectations of $320.22 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Brixmor Property Group will post 2.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company'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 sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.76% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BRX. Canada Pension Plan Investment Board bought a new stake in Brixmor Property Group during the 1st quarter worth about $124,978,000. PGGM Investments increased its holdings in shares of Brixmor Property Group by 167.2% in the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust's stock valued at $86,847,000 after purchasing an additional 2,353,582 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Brixmor Property Group in the 2nd quarter worth approximately $49,546,000. Millennium Management LLC lifted its holdings in Brixmor Property Group by 35.5% during the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock worth $132,443,000 after buying an additional 1,501,282 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in Brixmor Property Group in the 1st quarter valued at $16,964,000. Institutional investors own 98.43% of the company's stock.

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.