The Goldman Sachs Group Increases Brixmor Property Group (NYSE:BRX) Price Target to $29.00

Brixmor Property Group (NYSE:BRX) had its price target upped by investment analysts at The Goldman Sachs Group from $26.00 to $29.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 13.59% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Mizuho reduced their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. Stifel Nicolaus raised their price objective on Brixmor Property Group from $24.00 to $25.50 and gave the stock a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Evercore ISI upgraded Brixmor Property Group to a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.75.

Brixmor Property Group Stock Up 0.2 %

NYSE:BRX traded up $0.06 during trading hours on Thursday, hitting $25.53. The stock had a trading volume of 888,261 shares, compared to its average volume of 2,362,328. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 1.88. Brixmor Property Group has a 1-year low of $19.46 and a 1-year high of $26.41. The business has a 50 day simple moving average of $23.02 and a two-hundred day simple moving average of $22.62. The company has a market cap of $7.69 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 4.59 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The company had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. During the same period in the previous year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts predict that Brixmor Property Group will post 2.12 EPS for the current year.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors have recently bought and sold shares of BRX. Blue Trust Inc. increased its stake in Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares in the last quarter. Quarry LP acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at about $40,000. GAMMA Investing LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at about $45,000. Larson Financial Group LLC acquired a new position in shares of Brixmor Property Group in the 1st quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 775 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

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.