Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) PT at $30.30

by · The Cerbat Gem

Brixmor Property Group Inc. (NYSE:BRX – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $30.30.

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

View Our Latest Stock Report on Brixmor Property Group

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded up $0.17 on Thursday, hitting $27.90. The company had a trading volume of 176,239 shares, compared to its average volume of 2,833,844. The company has a market cap of $8.54 billion, a PE ratio of 25.57, a PEG ratio of 2.36 and a beta of 1.10. 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 has a 50 day moving average of $26.05 and a 200 day moving average of $26.62. Brixmor Property Group has a 52-week low of $22.28 and a 52-week high of $28.61.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Brixmor Property Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock worth $1,179,543,000 after buying an additional 198,567 shares during the period. State Street Corp lifted its stake in shares of Brixmor Property Group by 0.5% in the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after purchasing an additional 81,497 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Brixmor Property Group by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock worth $338,747,000 after purchasing an additional 51,778 shares during the period. Massachusetts Financial Services Co. MA increased its position in Brixmor Property Group by 3.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock worth $214,040,000 after purchasing an additional 272,616 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Brixmor Property Group by 6.8% in the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after buying an additional 511,976 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

(Get Free Report)

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.

Further Reading