Wells Fargo & Company Has Lowered Expectations for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price target lowered by Wells Fargo & Company from $27.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 0.94% from the stock’s previous close.

Several other analysts have also recently commented on BRX. Mizuho lowered their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Scotiabank reduced their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Stifel Nicolaus dropped 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group Stock Performance

BRX 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 stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.66 and a beta of 1.59. 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 stock’s fifty day moving average is $26.62 and its two-hundred day moving average is $27.55.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, research analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Institutional Investors Weigh In On Brixmor Property Group

Several large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC lifted its stake in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares in the last quarter. Quarry LP lifted its stake in 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 valued at $38,000 after buying an additional 364 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares during the period. 98.43% of the stock is owned by institutional investors.

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.