Scotiabank Has Lowered Expectations for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its target price cut by Scotiabank from $32.00 to $30.00 in a report released on Friday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 7.36% from the company’s previous close.

Other analysts have also recently issued reports about the company. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target on 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. KeyCorp upped their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Stock Performance

BRX traded up $0.34 on Friday, hitting $27.94. The company had a trading volume of 2,378,642 shares, compared to its average volume of 2,528,517. The company’s fifty day moving average price is $26.90 and its 200 day moving average price is $27.60. Brixmor Property Group has a 1-year low of $20.80 and a 1-year high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.66 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Equities analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brixmor Property Group

Several large investors have recently made changes to their positions in BRX. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Brixmor Property Group in the fourth quarter valued at about $18,767,000. Ascent Group LLC increased its holdings in Brixmor Property Group by 6.0% in the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 521 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Brixmor Property Group by 38.5% in the fourth quarter. Mackenzie Financial Corp now owns 875,964 shares of the real estate investment trust’s stock valued at $24,387,000 after purchasing an additional 243,345 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Brixmor Property Group in the fourth quarter valued at about $152,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Brixmor Property Group in the fourth quarter valued at about $71,000. Institutional investors and hedge funds 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.