Brixmor Property Group (NYSE:BRX) Price Target Raised to $37.00

Brixmor Property Group (NYSE:BRX) had its price objective lifted by stock analysts at BMO Capital Markets from $35.00 to $37.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target points to a potential upside of 14.41% from the stock’s current price.

BRX has been the subject of several other reports. UBS Group raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a report on Tuesday, March 24th. KeyCorp raised their price objective on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Finally, Wells Fargo & Company raised their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and an average price target of $33.00.

Brixmor Property Group Stock Down 0.7%

BRX traded down $0.24 on Monday, hitting $32.34. The company had a trading volume of 181,862 shares, compared to its average volume of 2,772,004. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. Brixmor Property Group has a 52-week low of $24.66 and a 52-week high of $32.80. The stock has a fifty day simple moving average of $30.30 and a 200-day simple moving average of $28.49. The firm has a market capitalization of $9.92 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.70 and a beta of 0.99.

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

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently made changes to their positions in BRX. Principal Financial Group Inc. increased its stake in shares of Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after purchasing an additional 4,518,001 shares in the last quarter. Norges Bank purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $112,307,000. Centersquare Investment Management LLC raised its holdings in Brixmor Property Group by 22.5% in the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after acquiring an additional 2,275,242 shares during the last quarter. Wellington Management Group LLP raised its holdings in Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after acquiring an additional 2,119,890 shares during the last quarter. Finally, Heitman Real Estate Securities LLC purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $48,503,000. Institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

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.