Brixmor Property Group (NYSE:BRX) Given New $33.00 Price Target at Scotiabank

Brixmor Property Group (NYSE:BRX) had its price objective lifted by analysts at Scotiabank from $29.00 to $33.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 13.30% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Truist Financial increased 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. Piper Sandler raised their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Wells Fargo & Company lifted their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $31.55.

Brixmor Property Group Trading Up 1.0%

Shares of Brixmor Property Group stock traded up $0.29 on Tuesday, reaching $29.13. The company had a trading volume of 1,004,747 shares, compared to its average volume of 3,059,039. The firm’s 50 day moving average price is $28.49 and its two-hundred day moving average price is $27.28. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11. Brixmor Property Group has a 52-week low of $22.28 and a 52-week high of $30.70. The firm has a market cap of $8.94 billion, a PE ratio of 23.12, a PEG ratio of 2.58 and a beta of 1.05.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $353.75 million during the quarter, compared to analysts’ expectations of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Sell-side analysts predict 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 other news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the sale, the director directly owned 18,400 shares in the company, valued at approximately $534,152. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Brixmor Property Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after purchasing an additional 198,567 shares in the last quarter. State Street Corp increased its stake in shares of Brixmor Property Group by 0.5% during the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after buying an additional 81,497 shares during the period. Centersquare Investment Management LLC increased its stake in shares of Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares during the period. Franklin Resources Inc. raised its holdings in Brixmor Property Group by 0.4% in the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after acquiring an additional 51,778 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Brixmor Property Group by 6.8% in the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after acquiring an additional 511,976 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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.