Truist Financial Initiates Coverage on Brixmor Property Group (NYSE:BRX)

Equities researchers at Truist Financial began coverage on shares of Brixmor Property Group (NYSE:BRX) in a research note issued to investors on Friday. The firm set a “buy” rating and a $31.00 price target on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 12.67% from the stock’s current price.

BRX has been the topic of a number of other reports. UBS Group raised their price objective on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Mizuho reduced their target price on shares of Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Stifel Nicolaus increased their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. BMO Capital Markets lifted their price target on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.18.

Brixmor Property Group Stock Down 0.2%

NYSE BRX traded down $0.06 during trading hours on Friday, reaching $27.51. 102,669 shares of the company’s stock were exchanged, compared to its average volume of 2,722,018. The company’s 50-day moving average is $29.43 and its two-hundred day moving average is $30.14. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97.

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

Institutional Investors Weigh In On Brixmor Property Group

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in Brixmor Property Group during the second quarter worth $26,000. Parkside Financial Bank & Trust raised its position in shares of Brixmor Property Group by 103.7% in the second quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 446 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of Brixmor Property Group in the first quarter valued at about $26,000. Jones Financial Companies Lllp acquired a new stake in shares of Brixmor Property Group during the 2nd quarter worth about $29,000. Finally, Allworth Financial LP acquired a new stake in shares of Brixmor Property Group during the 2nd quarter worth about $29,000. 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.