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

Brixmor Property Group (NYSE:BRX) had its target price hoisted by Truist Financial from $32.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 6.51% from the stock’s current price.

Several other equities analysts have also recently commented on BRX. Scotiabank upped their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research note on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. JPMorgan Chase & Co. raised their target price 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. Piper Sandler lifted their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, UBS Group boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.64.

Brixmor Property Group Price Performance

Brixmor Property Group stock traded down $0.17 during trading hours on Wednesday, hitting $30.98. 777,759 shares of the company traded hands, compared to its average volume of 2,808,872. The firm has a market cap of $9.51 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.55 and a beta of 1.00. 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 firm’s 50-day simple moving average is $29.77 and its two-hundred day simple moving average is $28.06. Brixmor Property Group has a 1-year low of $24.66 and a 1-year high of $31.49.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating 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 company had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. During the same quarter last year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi raised its position in Brixmor Property Group by 24.8% in the 1st quarter. Amundi now owns 226,148 shares of the real estate investment trust’s stock valued at $6,513,000 after buying an additional 44,965 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Brixmor Property Group by 96.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,762 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,359 shares during the period. California State Teachers Retirement System boosted its stake in Brixmor Property Group by 23.9% in the 1st quarter. California State Teachers Retirement System now owns 360,085 shares of the real estate investment trust’s stock worth $10,370,000 after purchasing an additional 69,406 shares during the period. Empowered Funds LLC bought a new position in Brixmor Property Group in the 1st quarter worth about $333,000. Finally, Quantinno Capital Management LP boosted its stake in Brixmor Property Group by 9.5% in the 1st quarter. Quantinno Capital Management LP now owns 526,680 shares of the real estate investment trust’s stock worth $15,168,000 after purchasing an additional 45,809 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.