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

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by stock analysts at UBS Group from $31.00 to $34.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target points to a potential upside of 13.46% from the company’s previous close.

BRX has been the subject of several other research reports. Truist Financial boosted their price target on Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Stifel Nicolaus boosted their price target on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Piper Sandler boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Finally, Evercore raised Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $32.45.

Brixmor Property Group Stock Performance

Shares of BRX traded up $0.73 during trading hours on Monday, hitting $29.97. The stock had a trading volume of 916,644 shares, compared to its average volume of 2,814,605. Brixmor Property Group has a 12 month low of $24.38 and a 12 month high of $31.49. The firm has a market capitalization 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. The stock has a fifty day moving average price of $29.67 and a 200 day moving average price of $27.85.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.56 earnings per share. The firm’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. Analysts anticipate that Brixmor Property Group will post 2.36 EPS for the current year.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Brixmor Property Group in the first quarter worth about $26,000. Clearstead Advisors LLC lifted its position in shares of Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 495 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,130 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Brixmor Property Group in the fourth quarter worth about $34,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at approximately $42,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.