Scotiabank Lowers Brixmor Property Group (NYSE:BRX) Price Target to $29.00

Brixmor Property Group (NYSE:BRX) had its price objective dropped by analysts at Scotiabank from $30.00 to $29.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 11.32% from the stock’s previous close.

Several other analysts have also issued reports on the stock. 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 research report on Tuesday, February 11th. 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. The Goldman Sachs Group dropped their target price on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

Brixmor Property Group Stock Performance

NYSE BRX opened at $26.05 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $7.97 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. Brixmor Property Group has a 52-week low of $21.32 and a 52-week high of $30.67. The company has a 50-day simple moving average of $25.44 and a 200 day simple moving average of $26.97.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. During the same period last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Institutional Trading of Brixmor Property Group

Several hedge funds and other institutional investors have recently bought and sold shares of BRX. V Square Quantitative Management LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter valued at about $26,000. Brooklyn Investment Group raised its stake in shares of Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 953 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 693 shares during the last quarter. 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.