Brixmor Property Group (NYSE:BRX) Stock Price Expected to Rise, UBS Group Analyst Says

Brixmor Property Group (NYSE:BRX) had its price objective upped by investment analysts at UBS Group from $29.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price objective would suggest a potential upside of 20.75% from the stock’s previous close.

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

Brixmor Property Group Stock Down 2.1%

BRX opened at $25.67 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 1-year low of $22.28 and a 1-year high of $28.61. The company has a market capitalization of $7.86 billion, a PE ratio of 23.55, a PEG ratio of 2.32 and a beta of 1.09. The firm’s 50 day simple moving average is $26.01 and its two-hundred day simple moving average is $26.54.

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

Hedge Funds Weigh In On Brixmor Property Group

A number of hedge funds and other institutional investors have recently modified their holdings of BRX. Mather Group LLC. purchased a new stake in Brixmor Property Group in the 3rd quarter worth $28,000. Quent Capital LLC bought a new stake in shares of Brixmor Property Group in the third quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its position in shares of Brixmor Property Group by 43.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 557 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of Brixmor Property Group in the third quarter worth about $62,000. Finally, Parallel Advisors LLC boosted its stake 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 valued at $59,000 after buying an additional 655 shares during the last quarter. 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.