Brixmor Property Group (NYSE:BRX) Stock Price Expected to Rise, KeyCorp Analyst Says

Brixmor Property Group (NYSE:BRX) had its price target raised by analysts at KeyCorp from $28.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price suggests a potential upside of 10.42% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Mizuho increased their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Evercore ISI increased their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Truist Financial increased their target price on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.88.

Brixmor Property Group Trading Up 0.8 %

BRX opened at $28.98 on Tuesday. The stock has a market capitalization of $8.75 billion, a PE ratio of 26.83, a P/E/G ratio of 3.92 and a beta of 1.57. The firm’s fifty day moving average price is $27.68 and its 200 day moving average price is $25.05. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group has a 12-month low of $20.69 and a 12-month high of $29.17.

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

Insider Activity at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the transaction, the director now owns 46,291 shares in the company, valued at $1,178,105.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brixmor Property Group

Large investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its position in shares of Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at about $46,000. Abich Financial Wealth Management LLC boosted its position in shares of Brixmor Property Group by 50.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 431 shares in the last quarter. Institutional investors 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.