Brixmor Property Group (NYSE:BRX) Given New $31.25 Price Target at Stifel Nicolaus

Brixmor Property Group (NYSE:BRX) had its price objective dropped by equities researchers at Stifel Nicolaus from $31.75 to $31.25 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 16.39% from the stock’s previous close.

Several other analysts have also weighed in on BRX. Scotiabank lifted 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. Truist Financial lifted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp raised their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, Mizuho boosted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $30.69.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.67 during midday trading on Tuesday, hitting $26.85. The company’s stock had a trading volume of 554,353 shares, compared to its average volume of 2,348,354. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a one year low of $20.80 and a one year high of $30.67. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58. The company’s fifty day simple moving average is $27.28 and its two-hundred day simple moving average is $27.42.

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

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds have recently made changes to their positions in BRX. Magnetar Financial LLC purchased a new stake in Brixmor Property Group in the fourth quarter worth about $317,000. Teacher Retirement System of Texas lifted its stake in Brixmor Property Group by 41.6% during the 4th quarter. Teacher Retirement System of Texas now owns 192,985 shares of the real estate investment trust’s stock valued at $5,373,000 after acquiring an additional 56,729 shares during the period. Harvest Fund Management Co. Ltd lifted its position in Brixmor Property Group by 163.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 12,826 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 7,950 shares during the period. Saiph Capital LLC bought a new stake in Brixmor Property Group in the 4th quarter worth approximately $244,000. Finally, Xponance Inc. raised its stake in Brixmor Property Group by 6.7% during the 4th quarter. Xponance Inc. now owns 39,211 shares of the real estate investment trust’s stock valued at $1,092,000 after buying an additional 2,476 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

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.