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

Brixmor Property Group Inc. (NYSE:BRX) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $30.30.

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

Brixmor Property Group Stock Down 1.3%

Shares of NYSE BRX opened at $26.01 on Thursday. Brixmor Property Group has a 52-week low of $22.28 and a 52-week high of $28.61. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. The business has a fifty day moving average of $25.98 and a two-hundred day moving average of $26.58. The stock has a market cap of $7.96 billion, a PE ratio of 23.86, a PEG ratio of 2.33 and a beta of 1.09.

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

Institutional Investors Weigh In On Brixmor Property Group

A number of hedge funds have recently added to or reduced their stakes in BRX. Vert Asset Management LLC raised its stake in shares of Brixmor Property Group by 2.6% in the fourth quarter. Vert Asset Management LLC now owns 144,965 shares of the real estate investment trust’s stock worth $3,801,000 after acquiring an additional 3,653 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brixmor Property Group by 3.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 246,391 shares of the real estate investment trust’s stock valued at $6,460,000 after purchasing an additional 9,030 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $44,000. Atlantic Edge Private Wealth Management LLC bought a new position in Brixmor Property Group in the 4th quarter worth approximately $42,000. Finally, Lecap Asset Management Ltd. acquired a new position in Brixmor Property Group during the 4th quarter worth $1,077,000. Institutional investors own 98.43% of the company’s stock.

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.