Brixmor Property Group (NYSE:BRX) Price Target Raised to $33.00

Brixmor Property Group (NYSE:BRX) had its target price upped by equities research analysts at Truist Financial from $32.00 to $33.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 6.51% from the company’s current price.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their price objective on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Wells Fargo & Company raised their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday. Stifel Nicolaus raised their price objective on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. Scotiabank raised their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a report on Tuesday, March 24th. Finally, KeyCorp raised their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.64.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.17 during trading hours on Wednesday, reaching $30.98. 777,759 shares of the company’s stock traded hands, compared to its average volume of 2,808,872. The stock has a market cap of $9.51 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The firm’s 50 day simple moving average is $29.77 and its 200-day simple moving average is $28.06. Brixmor Property Group has a 12 month low of $24.66 and a 12 month high of $31.49.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The firm had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities analysts expect that Brixmor Property Group will post 2.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BRX. Bayhunt Capital LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at $14,793,000. Elo Mutual Pension Insurance Co boosted its stake in shares of Brixmor Property Group by 194.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 58,402 shares of the real estate investment trust’s stock worth $1,617,000 after acquiring an additional 38,590 shares during the period. Franklin Resources Inc. boosted its stake in shares of Brixmor Property Group by 0.4% in the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock worth $338,747,000 after acquiring an additional 51,778 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Brixmor Property Group by 7.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,523,434 shares of the real estate investment trust’s stock worth $125,209,000 after acquiring an additional 306,342 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Brixmor Property Group by 253.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock worth $13,230,000 after acquiring an additional 365,535 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.