Brixmor Property Group (NYSE:BRX) Given New $31.00 Price Target at Evercore ISI

Brixmor Property Group (NYSE:BRX) had its target price reduced by investment analysts at Evercore ISI from $32.00 to $31.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective suggests a potential upside of 11.83% from the company’s previous close.

Several other equities research analysts have also weighed in on BRX. Truist Financial upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. KeyCorp upped their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Mizuho raised their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Five 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 presently has a consensus rating of “Moderate Buy” and an average target price of $30.19.

Brixmor Property Group Stock Up 0.7 %

Shares of BRX opened at $27.72 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a 50-day moving average price of $28.68 and a two-hundred day moving average price of $26.58. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 3.96 and a beta of 1.58. 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 posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. Equities analysts predict that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in Brixmor Property Group by 328.6% during 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 period. 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 purchasing an additional 364 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of Brixmor Property Group in the 3rd quarter valued at $46,000. Fifth Third Bancorp increased its position in shares of Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 431 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Brixmor Property Group by 103.7% during the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,448 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.