Wells Fargo & Company Lowers Brixmor Property Group (NYSE:BRX) Price Target to $23.00

Brixmor Property Group (NYSE:BRX) had its price objective lowered by equities researchers at Wells Fargo & Company from $24.00 to $23.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 4.21% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $27.00 in a report on Wednesday, August 16th. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $24.50 to $22.75 and set a “hold” rating for the company in a report on Tuesday, October 31st. Mizuho upped their target price on shares of Brixmor Property Group from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Scotiabank raised shares of Brixmor Property Group from a “sector perform” rating to a “sector outperform” rating and set a $25.00 price objective for the company in a report on Tuesday, September 5th. Finally, StockNews.com initiated coverage on shares of Brixmor Property Group in a report on Thursday, October 5th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Brixmor Property Group Trading Up 6.3 %

Shares of Brixmor Property Group stock opened at $22.07 on Monday. The company has a market capitalization of $6.63 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.70 and a beta of 1.60. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.55 and a current ratio of 0.55. The company has a fifty day moving average of $21.02 and a 200 day moving average of $21.40. Brixmor Property Group has a fifty-two week low of $19.40 and a fifty-two week high of $24.26.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BRX. Cambridge Investment Research Advisors Inc. purchased a new stake in Brixmor Property Group in the 1st quarter worth about $407,000. AlphaCrest Capital Management LLC raised its position in Brixmor Property Group by 44.2% in the 1st quarter. AlphaCrest Capital Management LLC now owns 14,689 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 4,504 shares during the period. APG Asset Management N.V. purchased a new stake in Brixmor Property Group in the 1st quarter worth about $371,000. Great West Life Assurance Co. Can raised its position in Brixmor Property Group by 5.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 406,368 shares of the real estate investment trust’s stock worth $10,834,000 after purchasing an additional 21,179 shares during the period. Finally, Vanguard Group Inc. raised its position in Brixmor Property Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 45,190,584 shares of the real estate investment trust’s stock worth $1,166,369,000 after purchasing an additional 369,401 shares during the period. Institutional investors own 94.98% 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 365 retail centers comprise approximately 65 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.