Mizuho Cuts Brixmor Property Group (NYSE:BRX) Price Target to $23.00

Brixmor Property Group (NYSE:BRX) had its target price decreased by equities researchers at Mizuho from $24.00 to $23.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price indicates a potential upside of 3.19% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Brixmor Property Group in a research note on Tuesday, January 30th. They set a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group cut their price target on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. JPMorgan Chase & Co. cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Finally, Truist Financial restated a “buy” rating and set a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $22.29 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $6.72 billion, a P/E ratio of 23.97, a P/E/G ratio of 2.69 and a beta of 1.53. The business has a fifty day simple moving average of $22.17 and a two-hundred day simple moving average of $22.41. Brixmor Property Group has a 12 month low of $19.40 and a 12 month high of $24.47.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The company had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. Brixmor Property Group’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Brixmor Property Group will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

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. In related news, insider Brian T. Finnegan sold 7,500 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the sale, the insider now directly owns 225,051 shares of the company’s stock, valued at $5,176,173. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brixmor Property Group

A number of hedge funds have recently bought and sold shares of the business. Metis Global Partners LLC boosted its position in Brixmor Property Group by 2.9% during the third quarter. Metis Global Partners LLC now owns 17,625 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 496 shares in the last quarter. Fifth Third Bancorp lifted 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 valued at $51,000 after acquiring an additional 535 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Brixmor Property Group by 1.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust’s stock valued at $1,068,000 after acquiring an additional 606 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Brixmor Property Group by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust’s stock valued at $2,732,000 after acquiring an additional 670 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Brixmor Property Group by 0.5% in the fourth quarter. M&T Bank Corp now owns 162,941 shares of the real estate investment trust’s stock valued at $3,792,000 after acquiring an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.