Stifel Nicolaus Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX – Get Free Report) had its price objective reduced by Stifel Nicolaus from $32.00 to $30.50 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus‘s target price indicates a potential upside of 5.82% from the stock’s current price.

Other analysts have also issued reports about the company. Truist Financial started coverage on Brixmor Property Group in a research note on Friday, October 2nd. They set a “buy” rating and a $31.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Citigroup boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Piper Sandler reduced their target price on shares of Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Read Our Latest Analysis on BRX

Brixmor Property Group Price Performance

Brixmor Property Group stock traded up $0.70 during midday trading on Tuesday, reaching $28.82. The company’s stock had a trading volume of 926,967 shares, compared to its average volume of 2,734,893. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The stock has a market cap of $8.84 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. Brixmor Property Group has a 52 week low of $24.66 and a 52 week high of $32.86. The business has a 50-day moving average price of $28.30 and a 200-day moving average price of $29.46.

Brixmor Property Group (NYSE:BRX – Get Free Report) last posted its earnings results on Monday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.31). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%. The company had revenue of $359.60 million during the quarter, compared to the consensus estimate of $357.28 million. During the same period last year, the company posted $0.56 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Brixmor Property Group will post 2.36 EPS for the current year.

Institutional Trading of Brixmor Property Group

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Brixmor Property Group in the second quarter valued at $1,265,950,000. Canada Pension Plan Investment Board bought a new stake in shares of Brixmor Property Group during the second quarter worth about $180,406,000. Principal Financial Group Inc. increased its position in shares of Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after acquiring an additional 4,518,001 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brixmor Property Group by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,790,090 shares of the real estate investment trust’s stock worth $137,955,000 after acquiring an additional 64,449 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Brixmor Property Group in the 2nd quarter worth about $122,922,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

(Get Free Report)

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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