Brixmor Property Group (NYSE:BRX) PT Raised to $28.00 at Truist Financial

Brixmor Property Group (NYSE:BRX) had its price objective raised by investment analysts at Truist Financial from $25.00 to $28.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 8.02% from the company’s current price.

Other equities research analysts have also issued reports about the stock. KeyCorp boosted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Mizuho reduced their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and set a $33.00 price target (up previously from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus upped their price objective on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.14.

Brixmor Property Group Stock Up 0.2 %

Shares of NYSE BRX opened at $25.92 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The firm has a 50-day moving average price of $23.79 and a 200 day moving average price of $22.85. Brixmor Property Group has a 52 week low of $19.46 and a 52 week high of $26.41. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Brixmor Property Group will post 2.12 EPS for the current fiscal year.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now owns 360,004 shares of the company’s stock, valued at $8,640,096. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning raised its stake in shares of Brixmor Property Group by 2.8% in the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after acquiring an additional 396 shares during the period. Algert Global LLC raised its position in Brixmor Property Group by 29.2% in the second quarter. Algert Global LLC now owns 208,502 shares of the real estate investment trust’s stock valued at $4,814,000 after purchasing an additional 47,062 shares during the period. Lighthouse Investment Partners LLC boosted its position in shares of Brixmor Property Group by 27.2% in the second quarter. Lighthouse Investment Partners LLC now owns 1,145,233 shares of the real estate investment trust’s stock worth $26,443,000 after buying an additional 245,233 shares during the period. Mackenzie Financial Corp boosted its position in shares of Brixmor Property Group by 19.3% in the second quarter. Mackenzie Financial Corp now owns 764,447 shares of the real estate investment trust’s stock worth $17,651,000 after buying an additional 123,635 shares during the period. Finally, Makena Capital Management LLC grew its stake in shares of Brixmor Property Group by 42.8% in the second quarter. Makena Capital Management LLC now owns 439,356 shares of the real estate investment trust’s stock valued at $10,145,000 after buying an additional 131,584 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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.