Brixmor Property Group (NYSE:BRX) had its price objective decreased by equities researchers at Stifel Nicolaus from $19.00 to $16.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 11.27% from the stock’s previous close.

Other analysts have also issued reports about the stock. Boenning Scattergood restated a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a report on Thursday, December 7th. Mizuho reiterated a “buy” rating and set a $19.50 target price on shares of Brixmor Property Group in a report on Friday, November 10th. SunTrust Banks set a $19.00 target price on shares of Brixmor Property Group and gave the company a “buy” rating in a report on Monday, January 22nd. Barclays lowered their target price on shares of Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.38.

Shares of Brixmor Property Group (NYSE BRX) opened at $14.38 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group has a 1-year low of $13.74 and a 1-year high of $24.64. The company has a market cap of $4,339.26, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.35.

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

Several hedge funds have recently added to or reduced their stakes in the company. Cbre Clarion Securities LLC lifted its holdings in shares of Brixmor Property Group by 11.8% during the fourth 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 purchasing an additional 831,018 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Brixmor Property Group by 54,551.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,896,509 shares of the real estate investment trust’s stock valued at $54,049,000 after purchasing an additional 2,891,209 shares during the last quarter. Amica Retiree Medical Trust purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $307,000. Amica Pension Fund Board of Trustees purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $2,010,000. Finally, Capital Analysts LLC raised its holdings in Brixmor Property Group by 1,050.5% in the 4th quarter. Capital Analysts LLC now owns 17,189 shares of the real estate investment trust’s stock worth $1,170,000 after acquiring an additional 15,695 shares during the last quarter. Hedge funds and other institutional investors own 98.98% 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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