Mizuho Increases Brixmor Property Group (NYSE:BRX) Price Target to $31.00

Brixmor Property Group (NYSE:BRX) had its price target boosted by analysts at Mizuho from $28.00 to $31.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 6.77% from the stock’s current price.

Several other brokerages have also issued reports on BRX. Evercore ISI upped their target price on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Truist Financial upped their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. KeyCorp upped their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.96.

Brixmor Property Group Stock Down 0.5 %

NYSE:BRX opened at $29.04 on Tuesday. The company’s 50-day simple moving average is $28.53 and its 200-day simple moving average is $26.17. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. Brixmor Property Group has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The stock has a market capitalization of $8.77 billion, a P/E ratio of 26.88, a P/E/G ratio of 4.05 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). The firm had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Brixmor Property Group’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. On average, equities analysts anticipate that Brixmor Property Group will post 2.14 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $472,000. World Investment Advisors LLC purchased a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $385,000. Sanctuary Advisors LLC acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $577,000. Geode Capital Management LLC raised its stake in shares of Brixmor Property Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock worth $156,473,000 after buying an additional 44,485 shares during the period. Finally, Vestcor Inc purchased a new position in shares of Brixmor Property Group during the 3rd quarter valued at approximately $776,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.