JPMorgan Chase & Co. Trims Brixmor Property Group (NYSE:BRX) Target Price to $26.00

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $27.00 to $26.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 17.83% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a "hold" rating in a research report on Tuesday, February 13th. Truist Financial reaffirmed a "buy" rating and set a $25.00 target price on shares of Brixmor Property Group in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They set a "buy" rating and a $27.00 price target on the stock. The Goldman Sachs Group decreased their price objective on Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating for the company in a report on Wednesday, March 27th. Finally, Mizuho reissued a "neutral" rating and set a $24.00 target price (up previously from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group has a consensus rating of "Moderate Buy" and a consensus price target of $25.13.

Brixmor Property Group Trading Down 0.8 %

NYSE BRX traded down $0.17 on Monday, hitting $22.07. 1,777,214 shares of the stock were exchanged, compared to its average volume of 2,591,688. Brixmor Property Group has a 52-week low of $19.40 and a 52-week high of $24.47. The firm has a market capitalization of $6.65 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.66 and a beta of 1.53. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a fifty day moving average price of $22.23 and a two-hundred day moving average price of $22.35.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.22). The firm had revenue of $320.24 million during the quarter, compared to analysts' expectations of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Research analysts forecast that Brixmor Property Group will post 2.09 EPS for the current fiscal year.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now owns 40,556 shares of the company's stock, valued at $925,487.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now directly owns 225,051 shares of the company's stock, valued at $5,176,173. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now directly owns 40,556 shares of the company's stock, valued at approximately $925,487.92. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Brixmor Property Group

Several institutional investors and hedge funds have recently bought and sold shares of BRX. Raymond James & Associates grew its holdings in Brixmor Property Group by 8.8% during the third quarter. Raymond James & Associates now owns 46,730 shares of the real estate investment trust's stock worth $971,000 after acquiring an additional 3,797 shares during the period. Advisor Partners II LLC boosted its holdings in Brixmor Property Group by 38.5% during the third quarter. Advisor Partners II LLC now owns 15,925 shares of the real estate investment trust's stock worth $331,000 after buying an additional 4,423 shares in the last quarter. Assetmark Inc. grew its position in Brixmor Property Group by 2.5% during the third quarter. Assetmark Inc. now owns 23,657 shares of the real estate investment trust's stock valued at $492,000 after buying an additional 582 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Brixmor Property Group by 8.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,398 shares of the real estate investment trust's stock valued at $1,026,000 after buying an additional 3,909 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Brixmor Property Group by 27.9% in the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 535 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.