Brixmor Property Group (NYSE:BRX) Price Target Raised to $32.00

Brixmor Property Group (NYSE:BRX) had its target price hoisted by equities research analysts at Wells Fargo & Company from $28.00 to $32.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 8.12% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Piper Sandler boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Truist Financial increased their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Finally, Scotiabank cut their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.18.

Brixmor Property Group Price Performance

Shares of NYSE BRX traded up $0.05 during mid-day trading on Thursday, reaching $29.60. The company had a trading volume of 139,048 shares, compared to its average volume of 3,024,064. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11. Brixmor Property Group has a one year low of $22.28 and a one year high of $30.70. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.67 and a beta of 1.06. The business’s 50-day simple moving average is $28.30 and its 200 day simple moving average is $27.26.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The business had revenue of $353.75 million during the quarter, compared to the consensus estimate of $347.42 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Brixmor Property Group’s revenue for the quarter was up 7.7% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, research analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the sale, the director directly owned 18,400 shares in the company, valued at approximately $534,152. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in shares of Brixmor Property Group during the third quarter worth $28,000. Clearstead Advisors LLC increased its holdings in Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares during the period. Loomis Sayles & Co. L P raised its position in Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,130 shares during the last quarter. Quent Capital LLC acquired a new position in Brixmor Property Group during the 3rd quarter worth about $35,000. Finally, SHP Wealth Management bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $34,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.