UBS Group Increases Brixmor Property Group (NYSE:BRX) Price Target to $34.00

Brixmor Property Group (NYSE:BRX) had its target price hoisted by equities researchers at UBS Group from $31.00 to $34.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s target price suggests a potential upside of 13.46% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Scotiabank increased their price target on Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a report on Tuesday, March 24th. Wells Fargo & Company increased their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. 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 report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Finally, Truist Financial increased their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.45.

Brixmor Property Group Trading Up 2.5%

Shares of Brixmor Property Group stock traded up $0.73 during trading on Monday, hitting $29.97. The stock had a trading volume of 916,644 shares, compared to its average volume of 2,814,605. The firm’s fifty day simple moving average is $29.67 and its 200-day simple moving average is $27.85. The stock has a market cap of $9.20 billion, a PE ratio of 20.81, a PEG ratio of 2.42 and a beta of 1.00. 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 12 month low of $24.38 and a 12 month high of $31.49.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clearstead Advisors LLC increased its holdings in shares of Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 495 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at $26,000. Loomis Sayles & Co. L P increased its holdings in shares of Brixmor Property Group by 1,215.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,130 shares during the period. SHP Wealth Management purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at $34,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at $42,000. 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.