Brixmor Real Estate Group (NYSE: BRX – Get a rating) was upgraded by Mizuho stock analysts from a “neutral” rating to a “buy” rating in a report released Thursday, MarketBeat.com reports. The company currently has a price target of $24.00 on shares of the real estate investment trust, down from its previous price target of $26.00. Mizuho’s target price indicates a potential upside of 9.04% from the stock’s previous close.
Other research analysts have also recently published research reports on the stock. Wells Fargo & Company raised its price target on shares of Brixmor Property Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a Thursday, April 7 research note. JPMorgan Chase & Co. upgraded shares of Brixmor Property Group from a ‘neutral’ rating to an ‘overweight’ rating and lowered its price target for the stock from $27.00 to $25.00 in a report research on Wednesday, June 22. Barclays lowered its price target on shares of Brixmor Property Group from $32.00 to $29.00 and set an “overweight” rating for the company in a research report on Friday July 15. StockNews.com began covering shares of Brixmor Property Group in a research report on Thursday, March 31. They issued a “holding” rating for the company. Finally, Jefferies Financial Group downgraded shares of Brixmor Property Group from a “hold” rating to an “underperform” rating and lowered its price target for the stock from $29.00 to $20.00 in a report research on Thursday, June 30. An equity research analyst rated the stock a sell rating, five gave the company a hold rating and eight gave the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.89.
The Brixmor real estate group is up 0.4%
Shares of NYSE: BRX opened at $22.01 on Thursday. The company has a market capitalization of $6.59 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.54 and a beta of 1.55. The stock’s 50-day moving average is $21.73 and its 200-day moving average is $24.03. Brixmor Property Group has a 52-week low of $19.42 and a 52-week high of $27.19. The company has a debt ratio of 1.81, a quick ratio of 0.65 and a current ratio of 0.65.
Brixmor Real Estate Group (NYSE: BRX – Get a rating) last released its quarterly results on Monday, May 2. The real estate investment trust reported earnings per share (EPS) of $0.26 for the quarter, beating the consensus estimate of $0.20 by $0.06. Brixmor Property Group had a return on equity of 10.92% and a net margin of 25.39%. During the same period of the previous year, the company achieved EPS of $0.44. Equity research analysts expect Brixmor Property Group to post 1.94 earnings per share for the current year.
Insider activity
In other news, Insider Brian T. Finnegan sold 5,000 shares of the company in a trade on Monday, May 2. The shares were sold at an average price of $25.14, for a total value of $125,700.00. Following the completion of the transaction, the insider now owns 145,682 shares of the company, valued at approximately $3,662,445.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. 0.64% of the shares are held by insiders of the company.
Hedge funds weigh on Brixmor Property Group
Several institutional investors and hedge funds have recently changed their positions in the company. Charter Oak Capital Management LLC bought a new stake in Brixmor Property Group in Q2 worth $49,000. Frontier Capital Management Co. LLC increased its position in Brixmor Property Group by 15.7% in the second quarter. Frontier Capital Management Co. LLC now owns 207,686 shares of the real estate investment trust worth $4,197,000 after acquiring an additional 28,185 shares last quarter. Monarch Partners Asset Management LLC increased its position in Brixmor Property Group by 345.0% in Q2. Monarch Partners Asset Management LLC now owns 117,580 shares of the real estate investment trust valued at $2,376,000 after acquiring an additional 91,160 shares last quarter. Spirit of America Management Corp NY increased its position in Brixmor Property Group by 6.3% in the 2nd quarter. Spirit of America Management Corp NY now owns 50,475 shares of the real estate investment trust valued at $1,020,000 after acquiring 3,000 additional shares in the last quarter. Finally, TCW Group Inc. purchased a new stake in Brixmor Property Group in Q2 valued at $1,536,000. Institutional investors and hedge funds own 98.35% of the company’s shares.
About Brixmor Real Estate Group
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality national portfolio of outdoor shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established shopping areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision of “being 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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