Stifel Nicolaus Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its target price cut by stock analysts at Stifel Nicolaus from $32.00 to $30.50 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‘s target price indicates a potential upside of 5.82% from the stock’s previous close.

A number of other analysts also recently commented on BRX. Piper Sandler decreased their price target on Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Citigroup lifted their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Finally, KeyCorp restated an “overweight” rating and set a $34.00 price objective on shares of Brixmor Property Group in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.14.

Brixmor Property Group Stock Up 2.5%

Brixmor Property Group stock traded up $0.70 during trading on Tuesday, hitting $28.82. 926,967 shares of the company were exchanged, compared to its average volume of 2,734,893. The business’s 50 day moving average is $28.30 and its 200 day moving average is $29.46. Brixmor Property Group has a 52 week low of $24.66 and a 52 week high of $32.86. The company has a market capitalization of $8.84 billion, a P/E ratio of 20.58, a PEG ratio of 2.18 and a beta of 0.97. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.31). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company had revenue of $359.60 million for the quarter, compared to the consensus estimate of $357.28 million. During the same quarter last year, the business posted $0.56 earnings per share. Brixmor Property Group’s revenue was up 5.5% on a year-over-year basis. Analysts predict that Brixmor Property Group will post 2.36 earnings per share for the current year.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Brixmor Property Group in the second quarter valued at approximately $26,000. Parkside Financial Bank & Trust grew its stake in Brixmor Property Group by 103.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 446 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Brixmor Property Group in the 1st quarter valued at approximately $26,000. Jones Financial Companies Lllp purchased a new position in Brixmor Property Group in the 2nd quarter valued at approximately $29,000. Finally, Allworth Financial LP bought a new stake in Brixmor Property Group during the 2nd quarter valued at $29,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.