Scotiabank Has Lowered Expectations for Brixmor Property Group (NYSE:BRX) Stock Price
Brixmor Property Group (NYSE:BRX – Get Free Report) had its target price reduced by stock analysts at Scotiabank from $32.00 to $30.00 in a report released on Friday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 7.36% from the stock’s previous close.
Other analysts have also issued research reports about the company. Mizuho decreased their price target on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Wells Fargo & Company reduced their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial upped their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and an average target price of $30.56.
Check Out Our Latest Analysis on BRX
Brixmor Property Group Trading Up 1.2 %
Brixmor Property Group stock opened at $27.94 on Friday. The firm has a 50 day moving average of $26.91 and a 200 day moving average of $27.63. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 2.66 and a beta of 1.58. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.
Brixmor Property Group (NYSE:BRX – Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, research analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current year.
Hedge Funds Weigh In On Brixmor Property Group
Hedge funds have recently made changes to their positions in the company. Quarry LP grew its position in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares during the period. US Bancorp DE grew its position in Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund grew its position in Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after purchasing an additional 434 shares during the period. Janney Montgomery Scott LLC grew its position in Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 441 shares during the period. Finally, CIBC Asset Management Inc grew its position in Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 511 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.
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.
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