Brixmor Property Group (NYSE:BRX) Price Target Raised to $40.00

Brixmor Property Group (NYSE:BRX) had its price target lifted by Piper Sandler from $34.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on BRX. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. BMO Capital Markets increased their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. KeyCorp lifted their price target on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $33.75.

Brixmor Property Group Stock Down 1.5%

BRX opened at $31.91 on Tuesday. The business’s fifty day simple moving average is $31.27 and its 200 day simple moving average is $29.66. Brixmor Property Group has a 52 week low of $24.66 and a 52 week high of $32.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a market cap of $9.79 billion, a PE ratio of 22.16, a P/E/G ratio of 2.72 and a beta of 0.98.

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, topping the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The firm had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s 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, research analysts expect that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brixmor Property Group

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