Brixmor Property Group (NYSE:BRX) Price Target Lowered to $26.00 at Wells Fargo & Company

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target cut by analysts at Wells Fargo & Company from $27.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price indicates a potential downside of 0.33% from the stock's previous close.

Several other equities research analysts also recently issued reports on BRX. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Finally, Mizuho reduced their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.48.

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Brixmor Property Group Stock Performance

Shares of NYSE BRX traded down $0.18 during trading on Wednesday, reaching $26.09. 2,796,565 shares of the stock traded hands, compared to its average volume of 2,213,261. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $7.98 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. Brixmor Property Group has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a 50-day moving average of $26.62 and a 200-day moving average of $27.55.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Analysts forecast that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Brixmor Property Group

Large investors have recently added to or reduced their stakes in the business. Fairtree Asset Management Pty Ltd bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $555,000. 111 Capital purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $1,264,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Brixmor Property Group in the fourth quarter valued at approximately $18,767,000. Ascent Group LLC boosted its stake in shares of Brixmor Property Group by 6.0% during the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 521 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Brixmor Property Group by 38.5% in the fourth quarter. Mackenzie Financial Corp now owns 875,964 shares of the real estate investment trust's stock worth $24,387,000 after purchasing an additional 243,345 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.