UBS Group Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its target price increased by UBS Group from $33.00 to $35.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group‘s price objective would suggest a potential upside of 15.69% from the stock’s current price.

BRX has been the subject of a number of other research reports. KeyCorp reiterated an “overweight” rating and set a $34.00 price objective on shares of Brixmor Property Group in a report on Wednesday, October 7th. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $32.00 to $30.50 and set a “hold” rating on the stock in a research note on Tuesday, October 27th. Piper Sandler reduced their target price on shares of Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Mizuho reduced their target price on shares of Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Finally, Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded down $0.08 on Wednesday, reaching $30.25. The company’s stock had a trading volume of 976,991 shares, compared to its average volume of 2,785,997. Brixmor Property Group has a 52-week low of $24.66 and a 52-week high of $32.86. The company has a market cap of $9.28 billion, a P/E ratio of 22.08, a PEG ratio of 2.33 and a beta of 0.95. The company has a 50-day simple moving average of $28.33 and a 200 day simple moving average of $29.65. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.81 and a current ratio of 0.81.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.31). Brixmor Property Group had a net margin of 29.96% and a return on equity of 14.10%. The company had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $357.28 million. During the same quarter in the previous year, the company posted $0.56 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Brixmor Property Group will post 2.37 EPS for the current fiscal year.

Institutional Trading of Brixmor Property Group

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Brixmor Property Group by 5.2% in the 3rd quarter. GAMMA Investing LLC now owns 8,450 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 416 shares during the period. Parkside Financial Bank & Trust lifted its position in Brixmor Property Group by 103.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 446 shares during the period. Versant Capital Management Inc grew its stake in Brixmor Property Group by 34.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,753 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 452 shares during the last quarter. Private Advisor Group LLC grew its stake in Brixmor Property Group by 9.7% during the 1st quarter. Private Advisor Group LLC now owns 8,863 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 783 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Brixmor Property Group during the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group is a real estate investment trust (REIT) that owns, operates and redevelops open-air shopping centers across the United States. Its properties are primarily neighborhood and community centers anchored by grocery stores and serve local shopping and service needs. The company works with tenants and local communities to maintain and enhance its centers, which include retailers, restaurants and service providers. Brixmor was formed in 2011 and became a publicly traded company in 2013.