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

Brixmor Property Group (NYSE:BRX) had its target price cut by analysts at Stifel Nicolaus from $31.75 to $31.25 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.39% from the stock’s current price.

Several other analysts have also recently issued reports on the company. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. 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. 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 note on Friday, November 15th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Tuesday. Finally, Mizuho boosted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.69.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded up $0.67 on Tuesday, hitting $26.85. 554,353 shares of the company’s stock were exchanged, compared to its average volume of 2,348,354. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $8.11 billion, a PE ratio of 24.88, a PEG ratio of 2.54 and a beta of 1.58. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a 50-day simple moving average of $27.28 and a 200-day simple moving average of $27.42.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. As a group, equities analysts anticipate that Brixmor Property Group will post 2.14 EPS for the current year.

Insider Buying and Selling

In other Brixmor Property Group 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 value of $738,500.00. Following the completion of the sale, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its holdings in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 521 shares during the last quarter. Quarry LP lifted its stake in shares of 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 buying an additional 364 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of Brixmor Property Group during the third quarter valued at $46,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Company Profile

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.