Brixmor Property Group (NYSE:BRX) Price Target Lowered to $27.00 at Wells Fargo & Company

Brixmor Property Group (NYSE:BRX) had its target price decreased by equities research analysts at Wells Fargo & Company from $29.00 to $27.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 2.27% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Scotiabank raised their price target on shares of 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. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Mizuho increased their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp lifted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Truist Financial upped their target price 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.12.

Brixmor Property Group Stock Down 0.5 %

Shares of BRX traded down $0.12 on Wednesday, reaching $26.40. The stock had a trading volume of 94,483 shares, compared to its average volume of 2,303,108. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 3.58 and a beta of 1.59. The company has a 50-day simple moving average of $27.98 and a 200-day simple moving average of $27.31. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Sell-side analysts predict that Brixmor Property Group will post 2.14 EPS for the current year.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the company’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 represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

A number of hedge funds have recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares during the last quarter. Quarry LP boosted its position in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 364 shares during the period. Maryland Capital Advisors Inc. purchased a new position in Brixmor Property Group during the 3rd quarter valued at about $46,000. Blue Trust Inc. boosted its stake in shares of Brixmor Property Group by 103.7% in the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,448 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Brixmor Property Group by 53.1% in the third quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 1,533 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.