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

Brixmor Property Group (NYSE:BRX) had its price target increased by investment analysts at Mizuho from $28.00 to $31.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 4.80% from the company’s previous close.

Other research analysts have also issued research reports about the company. Evercore ISI increased their price target on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. KeyCorp increased their target price on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Compass Point lifted their price target on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $33.00 in a research note on Friday. Finally, Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $29.96.

Brixmor Property Group Trading Down 0.5 %

Shares of BRX stock opened at $29.58 on Tuesday. Brixmor Property Group has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a 50 day simple moving average of $28.47 and a two-hundred day simple moving average of $26.10. The company has a market cap of $8.93 billion, a P/E ratio of 27.39, a PEG ratio of 4.05 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.50 earnings per share. Research analysts forecast that Brixmor Property Group will post 2.14 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. UMB Bank n.a. raised its stake in Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 723 shares during the period. Blue Trust Inc. increased its stake in shares of Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares in the last quarter. Quarry LP raised its position in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the period. Maryland Capital Advisors Inc. purchased a new stake in shares of Brixmor Property Group during the 3rd quarter valued at approximately $46,000. Finally, Fifth Third Bancorp lifted its stake in shares of Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.