Shares of Brixmor Property Group Inc. (NYSE:BRX – Get Rating) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $19.09 and last traded at $19.20, with a volume of 26269 shares trading hands. The stock had previously closed at $19.55.

Wall Street Analyst Weigh In

BRX has been the topic of a number of analyst reports. Jefferies Financial Group cut shares of Brixmor Property Group from a "hold" rating to an "underperform" rating and decreased their price objective for the company from $29.00 to $20.00 in a research report on Thursday, June 30th. JPMorgan Chase & Co. upgraded shares of Brixmor Property Group from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $27.00 to $25.00 in a research report on Wednesday, June 22nd. KeyCorp reduced their price target on shares of Brixmor Property Group from $29.00 to $26.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 28th. StockNews.com upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating in a research report on Tuesday, September 13th. Finally, Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $27.00 to $22.50 in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of "Moderate Buy" and an average target price of $24.96.

Brixmor Property Group Price Performance

The company has a debt-to-equity ratio of 1.84, a current ratio of 0.57 and a quick ratio of 0.57. The firm's 50 day moving average is $22.17 and its 200 day moving average is $23.06. The firm has a market cap of $5.73 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.39 and a beta of 1.55.

Brixmor Property Group Announces Dividend

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BRX. Wellington Management Group LLP lifted its stake in shares of Brixmor Property Group by 99.4% in the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust's stock worth $519,296,000 after buying an additional 10,028,534 shares in the last quarter. Waterfront Capital Partners LLC bought a new position in shares of Brixmor Property Group in the second quarter worth approximately $40,537,000. State Street Corp lifted its stake in shares of Brixmor Property Group by 13.6% in the first quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust's stock worth $430,669,000 after buying an additional 2,001,159 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Brixmor Property Group by 15.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,263,776 shares of the real estate investment trust's stock worth $247,851,000 after buying an additional 1,650,319 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Brixmor Property Group by 37.4% in the second quarter. Goldman Sachs Group Inc. now owns 3,343,667 shares of the real estate investment trust's stock worth $67,575,000 after buying an additional 909,512 shares in the last quarter. Institutional investors own 97.35% of the company's stock.

About Brixmor Property Group

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Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

Further Reading

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