Brixmor Property Group (NYSE:BRX) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS raised its price target on Brixmor Property Group from $33 to $35 and maintained a Buy rating, implying about 15.7% upside from the prior close.
• Analyst views are mixed, but the consensus is Moderate Buy with a $33.14 target; recent ratings include Neutral from Citigroup and Hold from Stifel Nicolaus.
• Brixmor reported quarterly EPS of $0.28, below the $0.59 consensus estimate, while revenue rose 5.5% year over year to $359.6 million, slightly above expectations.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target lifted by research analysts at UBS Group from $33.00 to $35.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. UBS Group's price objective indicates a potential upside of 15.69% from the stock's previous close.

Several other research analysts also recently commented on BRX. Citigroup decreased their price target on shares of Brixmor Property Group from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, November 2nd. Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $32.00 to $30.50 and set a "hold" rating for the company in a research note on Tuesday, October 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brixmor Property Group in a report on Thursday, October 29th. Wells Fargo & Company upgraded Brixmor Property Group to a "hold" rating in a report on Thursday, July 23rd. Finally, KeyCorp reiterated an "overweight" rating and set a $34.00 price target on shares of Brixmor Property Group in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.14.

Brixmor Property Group Stock Performance

BRX traded down $0.08 during trading on Wednesday, hitting $30.25. 976,991 shares of the company traded hands, compared to its average volume of 2,785,997. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86. The stock's fifty day moving average is $28.33 and its 200 day moving average is $29.65. The firm has a market cap of $9.28 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) 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 business had revenue of $359.60 million during the quarter, compared to the consensus estimate of $357.28 million. During the same period last year, the firm earned $0.56 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Brixmor Property Group will post 2.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC lifted its holdings in shares of Brixmor Property Group by 30.7% in the third quarter. Private Advisor Group LLC now owns 12,365 shares of the real estate investment trust's stock worth $341,000 after buying an additional 2,901 shares in the last quarter. Boston Partners grew its stake in Brixmor Property Group by 17.3% during the third quarter. Boston Partners now owns 173,437 shares of the real estate investment trust's stock valued at $4,787,000 after acquiring an additional 25,530 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Brixmor Property Group in the 3rd quarter valued at $10,875,000. Teachers Retirement System of The State of Kentucky increased its holdings in Brixmor Property Group by 9.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 96,233 shares of the real estate investment trust's stock valued at $2,656,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Paralel Advisors LLC increased its holdings in Brixmor Property Group by 9.0% in the 3rd quarter. Paralel Advisors LLC now owns 70,000 shares of the real estate investment trust's stock valued at $1,932,000 after acquiring an additional 5,800 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Company Profile

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.

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