Brixmor Property Group (NYSE:BRX) Upgraded to Buy at StockNews.com

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

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

Brixmor Property Group Price Performance

Shares of NYSE BRX traded down $0.36 during midday trading on Monday, reaching $22.73. The company’s stock had a trading volume of 1,747,724 shares, compared to its average volume of 2,407,327. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $6.85 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.79 and a beta of 1.57. The business’s 50 day moving average price is $22.24 and its two-hundred day moving average price is $22.50. Brixmor Property Group has a fifty-two week low of $19.46 and a fifty-two week high of $24.47.

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

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in Brixmor Property Group in the 4th quarter worth about $40,000. GAMMA Investing LLC bought a new stake in shares of Brixmor Property Group during the fourth quarter worth about $45,000. Larson Financial Group LLC acquired a new position in shares of Brixmor Property Group in the first quarter valued at approximately $47,000. Abich Financial Wealth Management LLC increased its stake in shares of 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 buying an additional 775 shares during the period. Finally, Mather Group LLC. bought a new position in Brixmor Property Group in the 1st quarter valued at approximately $165,000. 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.