Piper Sandler Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price target decreased by Piper Sandler from $40.00 to $36.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s target price suggests a potential upside of 31.89% from the company’s current price.

Other research analysts have also recently issued reports about the company. Citigroup boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. BMO Capital Markets lifted their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Finally, UBS Group lowered their target price on shares of Brixmor Property Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $33.45.

Brixmor Property Group Price Performance

NYSE:BRX opened at $27.30 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. The business’s 50-day simple moving average is $28.71 and its two-hundred day simple moving average is $30.03. The stock has a market cap of $8.38 billion, a PE ratio of 19.50, a P/E/G ratio of 2.13 and a beta of 0.97. Brixmor Property Group has a 52 week low of $24.66 and a 52 week high of $32.86.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). The business had revenue of $354.20 million during the quarter, compared to analysts’ expectations of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. Brixmor Property Group’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, analysts forecast that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Brixmor Property Group

Several institutional investors have recently added to or reduced their stakes in BRX. GSA Capital Partners LLP bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at approximately $2,841,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Brixmor Property Group in the 1st quarter worth approximately $1,443,000. Hsbc Holdings PLC boosted its holdings in shares of Brixmor Property Group by 77.3% in the 4th quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust’s stock worth $21,575,000 after purchasing an additional 359,006 shares during the period. Quantinno Capital Management LP increased its position in shares of Brixmor Property Group by 9.5% during the 1st quarter. Quantinno Capital Management LP now owns 526,680 shares of the real estate investment trust’s stock valued at $15,168,000 after purchasing an additional 45,809 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Brixmor Property Group by 686.1% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.