Brixmor Property Group (NYSE:BRX) Price Target Cut to $29.00 by Analysts at Scotiabank

Brixmor Property Group (NYSE:BRX) had its target price lowered by stock analysts at Scotiabank from $30.00 to $29.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 12.51% from the company’s previous close.

Several other brokerages have also issued reports on BRX. JPMorgan Chase & Co. upped their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Wells Fargo & Company assumed coverage on Brixmor Property Group in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Finally, UBS Group boosted their target price on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.30.

Brixmor Property Group Price Performance

Shares of NYSE BRX traded up $0.06 during midday trading on Wednesday, hitting $25.78. 1,383,415 shares of the company’s stock were exchanged, compared to its average volume of 2,895,226. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85. The business’s fifty day moving average price is $25.99 and its two-hundred day moving average price is $26.54. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.27 and a beta of 1.09. Brixmor Property Group has a 12-month low of $22.28 and a 12-month high of $28.61.

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

Institutional Trading of Brixmor Property Group

A number of institutional investors have recently modified their holdings of BRX. Parallel Advisors LLC grew its stake in Brixmor Property Group by 17.4% in the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 398 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Brixmor Property Group by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock valued at $2,242,000 after buying an additional 400 shares in the last quarter. State of Michigan Retirement System boosted its holdings in shares of Brixmor Property Group by 0.5% during the 2nd quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock valued at $1,917,000 after buying an additional 400 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Brixmor Property Group by 4.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 451 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Brixmor Property Group by 2.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after acquiring an additional 465 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.