Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.30.

BRX has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. JPMorgan Chase & Co. boosted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Scotiabank lowered their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. Finally, UBS Group boosted their price target on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $26.01 on Thursday. The stock has a market capitalization of $7.96 billion, a P/E ratio of 23.86, a PEG ratio of 2.33 and a beta of 1.09. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85. The business’s fifty day moving average price is $25.98 and its 200 day moving average price is $26.58. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $28.61.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. As a group, research analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current year.

Institutional Trading of Brixmor Property Group

Several large investors have recently modified their holdings of BRX. Parallel Advisors LLC increased its stake in Brixmor Property Group by 17.4% during the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 398 shares during the period. Louisiana State Employees Retirement System lifted its stake in Brixmor Property Group by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock worth $2,242,000 after purchasing an additional 400 shares during the period. State of Michigan Retirement System boosted its holdings in Brixmor Property Group by 0.5% during the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock valued at $1,917,000 after purchasing an additional 400 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Brixmor Property Group by 4.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 451 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Brixmor Property Group by 2.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 465 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.