Stifel Nicolaus Forecasts Strong Price Appreciation for Brixmor Property Group (NYSE:BRX) Stock

Brixmor Property Group (NYSE:BRX) had its price objective lifted by equities researchers at Stifel Nicolaus from $25.50 to $27.50 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 0.51% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Compass Point upped their price objective on Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $33.00 price objective (up previously from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Wells Fargo & Company upped their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Truist Financial lifted their price target on shares of Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.54.

Brixmor Property Group Trading Up 0.4 %

Brixmor Property Group stock opened at $27.64 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group has a 12-month low of $20.02 and a 12-month high of $28.45. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 29.70, a P/E/G ratio of 4.43 and a beta of 1.57. The firm has a 50 day moving average of $27.52 and a 200 day moving average of $24.64.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts predict that Brixmor Property Group will post 2.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was 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 of the company’s stock, valued at approximately $1,178,105.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brixmor Property Group

A number of large investors have recently made changes to their positions in BRX. Canada Pension Plan Investment Board purchased a new position in Brixmor Property Group during the 1st quarter valued at $124,978,000. PGGM Investments boosted its stake in shares of Brixmor Property Group by 167.2% during the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after purchasing an additional 2,353,582 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Brixmor Property Group in the second quarter worth about $49,546,000. Millennium Management LLC increased its stake in Brixmor Property Group by 35.5% in the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock worth $132,443,000 after buying an additional 1,501,282 shares during the period. Finally, 1832 Asset Management L.P. bought a new stake in Brixmor Property Group during the 1st quarter valued at about $16,964,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

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.