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

Brixmor Property Group (NYSE:BRX) had its price objective raised by equities research analysts at Piper Sandler from $34.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s price target would indicate a potential upside of 23.36% from the company’s previous close.

BRX has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Jefferies Financial Group upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Scotiabank boosted their price objective on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research note on Tuesday, March 24th. Finally, Truist Financial upped their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $33.75.

Brixmor Property Group Trading Down 0.8%

Shares of BRX stock opened at $32.42 on Tuesday. The company’s fifty day simple moving average is $31.23 and its two-hundred day simple moving average is $29.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. Brixmor Property Group has a 1 year low of $24.66 and a 1 year high of $32.86. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.74 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The firm had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, analysts anticipate that Brixmor Property Group will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On Brixmor Property Group

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Brixmor Property Group by 112.5% during the first quarter. NewEdge Advisors LLC now owns 18,398 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 9,741 shares in the last quarter. Amundi grew its position in Brixmor Property Group by 24.8% during the first quarter. Amundi now owns 226,148 shares of the real estate investment trust’s stock valued at $6,513,000 after acquiring an additional 44,965 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Brixmor Property Group by 96.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 1,359 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Brixmor Property Group by 23.9% during the first quarter. California State Teachers Retirement System now owns 360,085 shares of the real estate investment trust’s stock worth $10,370,000 after acquiring an additional 69,406 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Brixmor Property Group during the first quarter worth approximately $333,000. Hedge funds and other 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.