Mizuho Upgrades Brixmor Property Group (NYSE:BRX) to Outperform

Brixmor Property Group (NYSE:BRX) was upgraded by investment analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $29.00 target price on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 13.59% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. UBS Group started coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a “buy” rating and a $29.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Scotiabank cut their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.30.

Brixmor Property Group Stock Performance

Shares of BRX opened at $25.53 on Thursday. The business’s fifty day moving average price is $25.65 and its 200 day moving average price is $25.96. Brixmor Property Group has a 12-month low of $22.29 and a 12-month high of $30.67. The stock has a market capitalization of $7.81 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.67 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $337.51 million for the quarter, compared to analysts’ expectations of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share. Equities research analysts forecast that Brixmor Property Group will post 2.22 EPS for the current year.

Institutional Trading of Brixmor Property Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board raised its holdings in Brixmor Property Group by 10.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,616,420 shares of the real estate investment trust’s stock worth $228,766,000 after buying an additional 824,404 shares during the period. Ameriprise Financial Inc. grew its stake in Brixmor Property Group by 28.2% during the 1st quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust’s stock valued at $185,615,000 after acquiring an additional 1,537,737 shares in the last quarter. Invesco Ltd. grew its stake in Brixmor Property Group by 12.5% during the 1st quarter. Invesco Ltd. now owns 6,467,925 shares of the real estate investment trust’s stock valued at $171,723,000 after acquiring an additional 719,433 shares in the last quarter. Deutsche Bank AG grew its stake in Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after acquiring an additional 1,404,034 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after acquiring an additional 38,911 shares in the last quarter. 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.