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

Brixmor Property Group (NYSE:BRX) had its price target upped by equities research analysts at Scotiabank from $29.00 to $33.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 13.30% from the company’s previous close.

A number of other research firms also recently commented on BRX. JPMorgan Chase & Co. increased 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. Truist Financial boosted their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. UBS Group upped their price target on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Piper Sandler raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.55.

Brixmor Property Group Stock Up 1.0%

Shares of BRX stock traded up $0.29 on Tuesday, reaching $29.13. 1,004,747 shares of the stock were exchanged, compared to its average volume of 3,059,039. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. The business’s 50 day moving average price is $28.49 and its 200 day moving average price is $27.28. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.58 and a beta of 1.05. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.70.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 9th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The firm had revenue of $353.75 million for the quarter, compared to analyst estimates of $347.42 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. Brixmor Property Group’s revenue for the quarter was up 7.7% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, sell-side analysts expect that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the sale, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BRX. Mather Group LLC. purchased a new stake in Brixmor Property Group in the third quarter valued at approximately $28,000. Clearstead Advisors LLC grew its position in shares of Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 495 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Brixmor Property Group by 1,215.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,130 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Brixmor Property Group in the 3rd quarter valued at $35,000. Finally, SHP Wealth Management acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at $34,000. Hedge funds and other 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.