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

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by equities research analysts at Truist Financial from $29.00 to $32.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 6.38% from the stock’s current price.

Several other research firms have also weighed in on BRX. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Piper Sandler upped 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. JPMorgan Chase & Co. increased their price target on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Scotiabank reduced their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Finally, UBS Group upped their price objective on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.82.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $30.08 on Thursday. The firm’s fifty day simple moving average is $27.72 and its 200 day simple moving average is $27.14. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.70. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.71 and a beta of 1.06.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $353.75 million during the quarter, compared to the consensus estimate of $347.42 million. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, equities research analysts expect that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were 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. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brixmor Property Group

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in shares of Brixmor Property Group by 4.6% in the fourth quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 384 shares during the period. Parallel Advisors LLC lifted its stake in shares of Brixmor Property Group by 17.4% in the 3rd quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 398 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Brixmor Property Group by 0.5% in 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 purchasing an additional 400 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Brixmor Property Group by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after purchasing an additional 465 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in Brixmor Property Group by 5.4% in the fourth quarter. Compound Planning Inc. now owns 9,117 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 466 shares in 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.