Stifel Nicolaus Boosts Brixmor Property Group (NYSE:BRX) Price Target to $27.50

Brixmor Property Group (NYSE:BRX) had its price target lifted by Stifel Nicolaus from $25.50 to $27.50 in a report issued on Tuesday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

BRX has been the topic of a number of other research reports. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. KeyCorp upped their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and issued a $33.00 price objective (up previously from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Scotiabank upped their price objective on shares of Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Finally, Evercore ISI upped their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.54.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.52 on Tuesday. Brixmor Property Group has a 1 year low of $19.88 and a 1 year high of $28.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50. The company’s 50-day moving average is $27.52 and its 200 day moving average is $24.64. The stock has a market capitalization of $8.29 billion, a P/E ratio of 29.59, a P/E/G ratio of 4.43 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, sell-side analysts expect that Brixmor Property Group will post 2.13 earnings per share for the current year.

Insider Activity at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in Brixmor Property Group by 12.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 217,179 shares of the real estate investment trust’s stock valued at $6,051,000 after purchasing an additional 24,022 shares during the period. Van ECK Associates Corp raised its position in Brixmor Property Group by 12.2% in the third quarter. Van ECK Associates Corp now owns 135,479 shares of the real estate investment trust’s stock worth $3,784,000 after acquiring an additional 14,715 shares during the period. Farther Finance Advisors LLC raised its position in Brixmor Property Group by 38.8% in the third quarter. Farther Finance Advisors LLC now owns 5,572 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 1,557 shares during the period. State of Alaska Department of Revenue raised its position in Brixmor Property Group by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock worth $4,961,000 after acquiring an additional 643 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Brixmor Property Group by 0.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 182,040 shares of the real estate investment trust’s stock worth $4,916,000 after acquiring an additional 884 shares during the period. 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.