The Goldman Sachs Group Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price objective reduced by analysts at The Goldman Sachs Group from $33.00 to $29.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 12.94% from the company’s current price.

A number of other research analysts have also recently commented on BRX. Wells Fargo & Company decreased their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Mizuho decreased their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Stock Up 1.0 %

BRX stock opened at $25.68 on Thursday. Brixmor Property Group has a fifty-two week low of $21.32 and a fifty-two week 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 capitalization of $7.86 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 2.66 and a beta of 1.30. The business’s fifty day moving average price is $25.72 and its two-hundred day moving average price is $27.09.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BRX. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the period. Headlands Technologies LLC acquired a new stake in Brixmor Property Group during the 4th quarter valued at approximately $26,000. UMB Bank n.a. boosted its stake in shares of Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Quarry LP raised its stake in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 533 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

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.