Scotiabank Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price target lowered by investment analysts at Scotiabank from $31.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential upside of 13.06% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho boosted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus cut their target price on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Evercore ISI upped their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Brixmor Property Group Trading Down 0.2%

Shares of BRX stock traded down $0.06 during mid-day trading on Thursday, hitting $26.54. 740,827 shares of the company’s stock were exchanged, compared to its average volume of 2,327,330. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.56 and a beta of 1.31. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The stock has a 50-day simple moving average of $27.26 and a two-hundred day simple moving average of $26.42.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. The firm had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Equities analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the transaction, the insider directly owned 302,657 shares of the company’s stock, valued at $8,537,953.97. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BRX. Mather Group LLC. acquired a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $28,000. Quent Capital LLC acquired a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $35,000. Smartleaf Asset Management LLC boosted its position in Brixmor Property Group by 53.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 498 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Brixmor Property Group by 146.4% during the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 953 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Brixmor Property Group in the first quarter worth approximately $44,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.