Brixmor Property Receives a New Rating from Top Analyst

By Ryan Adsit

RBC Capital analyst Mark Mahaney reiterated a Hold rating on Brixmor Property (NYSE: BRX) today and set a price target of $23. The company’s shares opened today at $18.38, close to its 52-week low of $17.49.

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 21.2% and a 72.8% success rate. Mahaney covers the Technology sector, focusing on stocks such as Global Payments Inc, IAC/InterActiveCorp, and Angie’s List Inc.

Brixmor Property has an analyst consensus of Hold, with a price target consensus of $23.

Brixmor Property’s market cap is currently $5.63B and has a P/E ratio of 19.64. The company has a book value ratio of 1.9269.

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Brixmor Property Group, Inc. owns and operates wholly owned portfolio of grocery anchored community and neighborhood shopping centers in the United States. The company was founded on May 27, 2011 and is headquartered in New York, NY.