Brixmor Property Group Price Target Adjustment by Stifel Nicolaus

Brixmor Property Group (NYSE:BRX) recently saw a revision in its price objective by analysts at Stifel Nicolaus. In a research note published on Tuesday, they lowered the target from $31.75 to $31.25. The research firm has maintained a "hold" rating on the real estate investment trust, indicating a neutral stance on its stock. This new price target suggests that there could be a potential upside of approximately 16.39% compared to the stock's previous closing price.

Analyst Ratings Overview

In addition to Stifel Nicolaus, several other investment analysts have released updates regarding Brixmor Property Group. Scotiabank raised their price objective from $29.00 to $32.00 and assigned a "sector outperform" rating on November 25. Truist Financial also increased their target from $28.00 to $31.00, marking a "buy" rating given on November 15. Similarly, KeyCorp adjusted their price target upward from $28.00 to $32.00, alongside an "overweight" rating reported on November 12. Furthermore, BMO Capital Markets upgraded Brixmor from a "market perform" to an "outperform" rating, raising their target price from $30.00 to $33.00 on December 6. Mizuho also raised their price objective from $28.00 to $31.00, suggesting a "neutral" rating as of December 10. Overall, reports indicate that four analysts have given the stock a hold rating while nine have recommended it as a buy, resulting in a consensus average rating of "Moderate Buy" with an average target price of around $30.69.

Recent Stock Performance

The stock of Brixmor Property Group traded up by $0.67 on Tuesday, reaching a price of $26.85 during midday trading. The trading volume stood at 554,353 shares, which is below the company's average trading volume of 2,348,354 shares. Presently, Brixmor has a quick ratio of 1.38, a current ratio of 1.38, and a debt-to-equity ratio of 1.85. The company's stock experienced a one-year low of $20.80 and a one-year high of $30.67. Its current market capitalization is $8.11 billion, with a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 2.54, and a beta of 1.58. The fifty-day simple moving average is $27.28, while the two-hundred day average sits at $27.42.

Earnings Report Insights

Brixmor Property Group last disclosed its quarterly earnings on February 10. The real estate investment trust reported earnings per share of $0.53, surpassing the consensus estimate of $0.22 by a substantial margin of $0.31. The company holds a return on equity of 11.48% and a net profit margin of 25.81%. Analysts project that Brixmor Property Group will post earnings of $2.14 per share for the ongoing fiscal year.

Insider Transactions

In other developments, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock on November 20, with the shares sold at an average price of $29.54. This transaction totaled $738,500. Following the completion of this sale, he retains a direct ownership of 315,004 shares, valued at approximately $9,305,218.16. This selling marked a 7.35% reduction in his position, and the transaction details have been disclosed in a filing with the SEC. Presently, about 0.76% of Brixmor's stock is owned by corporate insiders.

Hedge Fund Activities

Recent hedge fund activities reveal a number of changes in ownership regarding Brixmor Property Group. Magnetar Financial LLC acquired a new stake in the company, valued at around $317,000 in the fourth quarter. Meanwhile, Teacher Retirement System of Texas increased their stake by 41.6%, now holding 192,985 shares and valued at $5,373,000 after acquiring an additional 56,729 shares. Harvest Fund Management Co. Ltd raised its position by 163.0%, now owning 12,826 shares valued at $357,000 after purchasing an additional 7,950 shares during the same period. Other firms including Saiph Capital LLC and Xponance Inc. also made adjustments to their holdings. Overall, approximately 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust. It primarily focuses on owning and managing a portfolio of grocery-anchored community and neighborhood shopping centers. The company was established in 1985 and is headquartered in New York, NY.

Brixmor, Stocks, Investment