Brixmor Property Group (NYSE:BRX) Stock Rating Upgraded by StockNews.com

Brixmor Property Group (NYSE:BRX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other research firms have also weighed in on BRX. The Goldman Sachs Group cut their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. JPMorgan Chase & Co. decreased their target price on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Mizuho dropped their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. Truist Financial reaffirmed a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. Finally, Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $25.13.

Brixmor Property Group Stock Down 1.6 %

Shares of BRX traded down $0.36 during midday trading on Monday, reaching $22.73. 1,747,724 shares of the stock were exchanged, compared to its average volume of 2,407,327. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.79 and a beta of 1.57. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. Brixmor Property Group has a 12-month low of $19.46 and a 12-month high of $24.47. The firm has a 50 day simple moving average of $22.24 and a 200-day simple moving average of $22.50.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.22). The business had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. Brixmor Property Group’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS. Research analysts forecast that Brixmor Property Group will post 2.1 EPS for the current year.

Institutional Trading of Brixmor Property Group

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in Brixmor Property Group during the fourth quarter worth $40,000. GAMMA Investing LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $45,000. Larson Financial Group LLC bought a new stake in Brixmor Property Group in the first quarter valued at about $47,000. Abich Financial Wealth Management LLC increased its stake in Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares during the period. Finally, Mather Group LLC. acquired a new position in Brixmor Property Group in the first quarter worth about $165,000. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Company Profile

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.