Wells Fargo & Company Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its target price reduced by Wells Fargo & Company from $27.00 to $26.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 0.04% from the company’s previous close.

Several other equities research analysts have also commented on the company. Mizuho cut their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Scotiabank cut their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Stock Down 0.3 %

Brixmor Property Group stock opened at $26.01 on Wednesday. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 2.66 and a beta of 1.59. Brixmor Property Group has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day moving average price of $26.62 and a two-hundred day moving average price of $27.57.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Equities analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Institutional Trading of Brixmor Property Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP boosted its position in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 364 shares during the last quarter. US Bancorp DE boosted its holdings in Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Brixmor Property Group by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after purchasing an additional 434 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Brixmor Property Group by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 441 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 511 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.