Brixmor Property Group (BRX) Price Target Lowered to $16.00 at Citigroup

Brixmor Property Group (NYSE:BRX) had its price target reduced by investment analysts at Citigroup from $19.00 to $16.00 in a research note issued on Wednesday. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 3.03% from the company’s previous close.

BRX has been the subject of a number of other reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, February 14th. Mizuho reaffirmed a “buy” rating and set a $19.50 price objective on shares of Brixmor Property Group in a research note on Friday, November 10th. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. decreased their target price on Brixmor Property Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.80.

Shares of Brixmor Property Group (NYSE:BRX) traded down $0.12 during trading on Wednesday, hitting $15.53. The company had a trading volume of 408,253 shares, compared to its average volume of 4,413,447. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.95. Brixmor Property Group has a twelve month low of $13.74 and a twelve month high of $23.85. The firm has a market capitalization of $4,829.56, a PE ratio of 15.83, a PEG ratio of 1.97 and a beta of 0.35.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.27). Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The company had revenue of $320.06 million for the quarter, compared to analyst estimates of $312.97 million. During the same period last year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. research analysts predict that Brixmor Property Group will post 2 earnings per share for the current fiscal year.

Brixmor Property Group declared that its board has initiated a share repurchase plan on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In other Brixmor Property Group news, EVP Mark Horgan bought 4,500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $14.94 per share, with a total value of $67,230.00. Following the completion of the purchase, the executive vice president now owns 62,769 shares in the company, valued at $937,768.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Brixmor Property Group by 65.6% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,400 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 6,100 shares in the last quarter. Eii Capital Management Inc. bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $935,000. Snow Park Capital Partners LP bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $3,018,000. Glenmede Trust Co. NA lifted its holdings in shares of Brixmor Property Group by 0.7% in the fourth quarter. Glenmede Trust Co. NA now owns 942,899 shares of the real estate investment trust’s stock valued at $17,592,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its holdings in shares of Brixmor Property Group by 82.2% in the fourth quarter. Vident Investment Advisory LLC now owns 26,146 shares of the real estate investment trust’s stock valued at $488,000 after purchasing an additional 11,793 shares in the last quarter.

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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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