Brixmor Property Group (NYSE:BRX) Price Target Raised to $31.00

Brixmor Property Group (NYSE:BRX) had its target price lifted by stock analysts at UBS Group from $29.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target points to a potential upside of 18.43% from the stock’s previous close.

BRX has been the topic of a number of other reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Scotiabank reduced their price objective on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Evercore ISI raised their target price on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company assumed coverage on Brixmor Property Group in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $30.40.

Brixmor Property Group Price Performance

BRX stock traded up $0.27 during midday trading on Thursday, reaching $26.18. 472,887 shares of the stock were exchanged, compared to its average volume of 3,089,476. Brixmor Property Group has a 52 week low of $22.28 and a 52 week high of $28.61. The company has a fifty day moving average price of $26.02 and a 200 day moving average price of $26.54. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $8.01 billion, a PE ratio of 24.01, a P/E/G ratio of 2.30 and a beta of 1.09.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The firm had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Brixmor Property Group

Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in shares of Brixmor Property Group in the third quarter valued at approximately $28,000. Quent Capital LLC purchased a new stake in shares of Brixmor Property Group in the third quarter valued at about $35,000. EverSource Wealth Advisors LLC lifted its position in shares of Brixmor Property Group by 43.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 557 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Brixmor Property Group by 40.2% during the second quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 655 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in Brixmor Property Group in the 3rd quarter worth about $62,000. 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.