UBS Group Begins Coverage on Brixmor Property Group (NYSE:BRX)

Equities researchers at UBS Group assumed coverage on shares of Brixmor Property Group (NYSE:BRX) in a research note issued on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $29.00 price target on the real estate investment trust’s stock. UBS Group’s price objective would indicate a potential upside of 13.19% from the company’s previous close.

Several other equities research analysts also recently weighed in on BRX. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company decreased their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Scotiabank decreased their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.30.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $25.62 on Friday. Brixmor Property Group has a one year low of $21.57 and a one year high of $30.67. The company has a market cap of $7.84 billion, a PE ratio of 23.08, a P/E/G ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The business has a 50-day simple moving average of $25.32 and a 200-day simple moving average of $26.76.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. On average, equities research analysts forecast that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth $26,000. Smartleaf Asset Management LLC raised its stake in shares of Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 521 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth $26,000. Brooklyn Investment Group raised its stake in shares of Brixmor Property Group by 146.4% during the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 953 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Brixmor Property Group during the 1st quarter worth $44,000. 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.