BMO Capital Markets set a $19.00 price objective on Brixmor Property Group (NYSE:BRX) in a report released on Monday. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on the stock. ValuEngine lowered shares of Brixmor Property Group from a buy rating to a hold rating in a report on Friday, February 2nd. Barclays dropped their price objective on shares of Brixmor Property Group from $20.00 to $17.00 and set an equal weight rating on the stock in a report on Tuesday, January 30th. SunTrust Banks set a $19.00 price objective on shares of Brixmor Property Group and gave the stock a buy rating in a report on Monday, January 22nd. Mitsubishi UFJ Financial Group upgraded shares of Brixmor Property Group from a neutral rating to an overweight rating in a report on Wednesday, January 3rd. Finally, Citigroup upgraded shares of Brixmor Property Group to an overweight rating and raised their price objective for the stock from $19.00 to $21.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $19.75.

Shares of Brixmor Property Group (NYSE BRX) opened at $14.38 on Monday. Brixmor Property Group has a twelve month low of $13.74 and a twelve month high of $24.64. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $4,339.26, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.77 and a beta of 0.35.

Brixmor Property Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 5th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Brixmor Property Group by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,222,816 shares of the real estate investment trust’s stock valued at $325,682,000 after buying an additional 383,162 shares during the last quarter. State Street Corp increased its stake in Brixmor Property Group by 12.0% in the 2nd quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after buying an additional 1,159,181 shares during the last quarter. Cbre Clarion Securities LLC increased its stake in Brixmor Property Group by 11.8% in the 4th quarter. Cbre Clarion Securities LLC now owns 7,880,121 shares of the real estate investment trust’s stock valued at $147,043,000 after buying an additional 831,018 shares during the last quarter. Brookfield Asset Management Inc. increased its stake in Brixmor Property Group by 15.9% in the 2nd quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after buying an additional 908,572 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Brixmor Property Group by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,477,991 shares of the real estate investment trust’s stock valued at $84,187,000 after buying an additional 240,874 shares during the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.

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Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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