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

Brixmor Property Group (NYSE:BRX) had its target price boosted by research analysts at Piper Sandler from $34.00 to $40.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s price objective would suggest a potential upside of 22.77% from the company’s current price.

Other research analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Truist Financial increased their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $33.75.

Brixmor Property Group Trading Up 0.5%

Brixmor Property Group stock traded up $0.15 during mid-day trading on Tuesday, hitting $32.58. The company’s stock had a trading volume of 482,825 shares, compared to its average volume of 2,700,870. 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 $24.66 and a 12 month high of $32.80. The business has a 50 day moving average price of $31.11 and a 200-day moving average price of $29.53. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating 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 business had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. During the same quarter in the prior year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, analysts forecast that Brixmor Property Group will post 2.36 EPS for the current year.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in Brixmor Property Group by 39.9% in the first quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after purchasing an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Brixmor Property Group by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock valued at $45,231,000 after buying an additional 89,827 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 557 shares during the period. Marshall Wace LLP purchased a new position in Brixmor Property Group in the 2nd quarter worth about $6,048,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Brixmor Property Group during the 2nd quarter worth about $435,000. Institutional investors and hedge funds 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.