Brixmor Property Group (NYSE:BRX) has been assigned a $19.00 target price by equities research analysts at BMO Capital Markets in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price indicates a potential upside of 4.86% from the stock’s previous close.

A number of other research analysts also recently issued reports on BRX. Citigroup boosted their price target on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Barclays restated a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a research report on Monday, August 14th. Mizuho upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, August 14th. KeyCorp restated a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. Finally, ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Shares of Brixmor Property Group (BRX) opened at $18.12 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group has a 1 year low of $17.23 and a 1 year high of $25.34. The company has a market cap of $5,665.73, a P/E ratio of 8.81, a P/E/G ratio of 2.00 and a beta of 0.52.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.24). The business had revenue of $314.50 million for the quarter, compared to analyst estimates of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. analysts predict that Brixmor Property Group will post 2.08 earnings per share for the current year.

In related news, EVP Mark Horgan bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the transaction, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in BRX. LS Investment Advisors LLC lifted its position in shares of Brixmor Property Group by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 1,420 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Brixmor Property Group by 54.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,112 shares of the real estate investment trust’s stock valued at $556,000 after acquiring an additional 10,956 shares during the period. Aperio Group LLC lifted its position in shares of Brixmor Property Group by 917.9% during the 2nd quarter. Aperio Group LLC now owns 115,293 shares of the real estate investment trust’s stock valued at $2,061,000 after acquiring an additional 103,966 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Brixmor Property Group by 58.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 3,538 shares during the period. Finally, NGAM Advisors L.P. lifted its position in shares of Brixmor Property Group by 70.8% during the 2nd quarter. NGAM Advisors L.P. now owns 23,646 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 9,802 shares during the period. Institutional investors own 98.57% of the company’s stock.

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About Brixmor Property Group

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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