Brixmor Property Group (NYSE:BRX) Given New $29.00 Price Target at Mizuho

Brixmor Property Group (NYSE:BRX) had its target price cut by investment analysts at Mizuho from $31.00 to $29.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective suggests a potential upside of 4.88% from the company’s current price.

Several other analysts have also recently weighed in on BRX. Scotiabank lifted 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 report on Monday, November 25th. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.71.

Brixmor Property Group Trading Up 1.0 %

Shares of NYSE:BRX traded up $0.27 during trading on Tuesday, reaching $27.65. 352,607 shares of the company traded hands, compared to its average volume of 2,531,718. 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 has a 52-week low of $20.80 and a 52-week high of $30.67. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.66 and a beta of 1.58. The business’s fifty day moving average is $26.92 and its 200-day moving average is $27.59.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results 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 net margin of 26.40% and a return on equity of 11.72%. As a group, analysts forecast that Brixmor Property Group will post 2.22 EPS for the current year.

Institutional Investors Weigh In On Brixmor Property Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 521 shares during the period. Headlands Technologies LLC acquired a new position in Brixmor Property Group in the 4th quarter valued at about $26,000. Quarry LP lifted its holdings 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 buying an additional 364 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 693 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.