By otakuyassine3@gmail.com 
Brixmor Property Group (NYSE:BRX – Get Free Report) had its price objective reduced by stock analysts at Evercore ISI from $32.00 to $31.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential upside of 12.60% from the company’s current price.
BRX has been the subject of a number of other research reports. KeyCorp upped their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Wells Fargo & Company increased their price target on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Compass Point boosted their price objective on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Finally, Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.19.
View Our Latest Research Report on BRX
Brixmor Property Group Stock Performance
Shares of BRX stock opened at $27.53 on Tuesday. Brixmor Property Group has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock has a market cap of $8.32 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.96 and a beta of 1.58. The business has a 50-day simple moving average of $28.69 and a 200-day simple moving average of $26.54.
Brixmor Property Group (NYSE:BRX – Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS 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 analysts’ expectations of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. On average, equities analysts expect that Brixmor Property Group will post 2.14 EPS for the current year.
Insiders Place Their Bets
In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is owned by insiders.
Hedge Funds Weigh In On Brixmor Property Group
Hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC acquired a new position in Brixmor Property Group in the third quarter valued at about $25,492,000. Tidal Investments LLC acquired a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $472,000. World Investment Advisors LLC purchased a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $385,000. Sanctuary Advisors LLC purchased a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $577,000. Finally, Geode Capital Management LLC raised its position in Brixmor Property Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock valued at $156,473,000 after purchasing an additional 44,485 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
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