Research analysts at Goldman Sachs Group assumed coverage on shares of Brixmor Property Group (NYSE:BRX) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the real estate investment trust’s stock.
BRX has been the topic of a number of other research reports. Piper Sandler raised their target price on shares of Brixmor Property Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America cut Brixmor Property Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $19.00 to $11.00 in a report on Monday, March 23rd. SunTrust Banks lifted their price objective on Brixmor Property Group from $11.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, June 15th. Citigroup reduced their target price on Brixmor Property Group from $21.50 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, KeyCorp raised their price target on Brixmor Property Group from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.29.
Shares of NYSE:BRX opened at $12.95 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $3.84 billion, a P/E ratio of 14.23 and a beta of 1.47. Brixmor Property Group has a 52-week low of $7.51 and a 52-week high of $22.74. The stock’s fifty day simple moving average is $12.20 and its 200-day simple moving average is $15.41.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.28). The firm had revenue of $282.30 million during the quarter, compared to analyst estimates of $291.87 million. Brixmor Property Group had a net margin of 23.43% and a return on equity of 9.94%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. On average, sell-side analysts anticipate that Brixmor Property Group will post 1.73 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in BRX. CWM Advisors LLC purchased a new stake in Brixmor Property Group during the 1st quarter worth $32,000. Acadian Asset Management LLC purchased a new stake in shares of Brixmor Property Group in the first quarter worth about $42,000. Whittier Trust Co. acquired a new stake in shares of Brixmor Property Group in the first quarter valued at about $60,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter valued at about $100,000. Finally, Coldstream Capital Management Inc. acquired a new position in Brixmor Property Group during the 1st quarter worth approximately $101,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
About Brixmor Property Group
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 425 retail centers comprise approximately 74 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.
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