Stifel Nicolaus Has Lowered Expectations for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price objective dropped by investment analysts at Stifel Nicolaus from $31.75 to $31.25 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.39% from the company’s current price.

Several other equities analysts also recently commented on BRX. Scotiabank increased their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company lowered their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Truist Financial boosted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Mizuho increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.69.

Brixmor Property Group Stock Up 1.3 %

Shares of Brixmor Property Group stock opened at $27.56 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67. The stock has a 50-day moving average price of $27.18 and a 200 day moving average price of $27.44. The company has a market cap of $8.32 billion, a P/E ratio of 25.52, a P/E/G ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. As a group, analysts expect that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm’s 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 $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is currently owned by insiders.

Institutional Trading of Brixmor Property Group

Several institutional investors have recently bought and sold shares of BRX. ExodusPoint Capital Management LP acquired a new position in Brixmor Property Group during the fourth quarter worth $20,271,000. Headlands Technologies LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter worth about $26,000. Geode Capital Management LLC increased its position in shares of Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock worth $157,450,000 after purchasing an additional 38,911 shares in the last quarter. Diametric Capital LP bought a new position in Brixmor Property Group during the 4th quarter valued at about $288,000. Finally, National Bank of Canada FI boosted its position in Brixmor Property Group by 4.9% in the fourth quarter. National Bank of Canada FI now owns 231,800 shares of the real estate investment trust’s stock valued at $6,453,000 after buying an additional 10,900 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.