Compass Point Increases Brixmor Property Group (NYSE:BRX) Price Target to $30.00

Brixmor Property Group (NYSE:BRX) had its price objective upped by equities researchers at Compass Point from $28.00 to $30.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Compass Point’s price target points to a potential upside of 9.93% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Evercore ISI upped their price objective on Brixmor Property Group from $26.00 to $27.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group raised their price target on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Mizuho increased their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.29.

Brixmor Property Group Stock Performance

BRX stock opened at $27.29 on Tuesday. Brixmor Property Group has a 1-year low of $19.46 and a 1-year high of $27.70. The business has a 50-day moving average price of $25.36 and a 200 day moving average price of $23.37. The company has a market capitalization of $8.22 billion, a P/E ratio of 29.34, a PEG ratio of 4.76 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Brixmor Property Group will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Brixmor Property Group

A number of institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in Brixmor Property Group during the first quarter worth approximately $124,978,000. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter worth approximately $73,143,000. PGGM Investments lifted its position in 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 worth $86,847,000 after buying an additional 2,353,582 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Brixmor Property Group during the second quarter worth approximately $49,546,000. Finally, Massachusetts Financial Services Co. MA lifted its position in Brixmor Property Group by 16.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock worth $348,718,000 after buying an additional 2,067,135 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.