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

Brixmor Property Group (NYSE:BRX) had its price objective cut by equities research analysts at Wells Fargo & Company from $27.00 to $26.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 0.94% from the stock’s current price.

A number of other research firms also recently weighed in on BRX. Scotiabank dropped their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus dropped their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Mizuho reduced their price target on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Stock Down 0.4 %

Shares of Brixmor Property Group stock opened at $26.25 on Wednesday. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a market cap of $8.03 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a 50-day moving average price of $26.62 and a 200 day moving average price of $27.55.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) 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%. As a group, analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently bought and sold shares of BRX. Cerity Partners LLC increased its stake in Brixmor Property Group by 34.5% in the third quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock valued at $740,000 after acquiring an additional 6,817 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Brixmor Property Group in the 3rd quarter valued at approximately $136,000. Loomis Sayles & Co. L P acquired a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $394,000. FMR LLC lifted its position in shares of Brixmor Property Group by 136.8% during the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock worth $29,773,000 after buying an additional 617,341 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Brixmor Property Group in the 3rd quarter valued at $2,337,000. Institutional investors own 98.43% of the company’s stock.

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.