Citigroup Raises Brixmor Property Group (NYSE:BRX) Price Target to $34.00

Brixmor Property Group (NYSE:BRX) had its target price hoisted by research analysts at Citigroup from $31.00 to $34.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective would indicate a potential upside of 7.89% from the company’s previous close.

Several other equities analysts have also weighed in on BRX. Jefferies Financial Group upgraded shares of Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. KeyCorp lifted their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Evercore raised Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Truist Financial upped their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Brixmor Property Group Stock Performance

Brixmor Property Group stock traded up $0.01 during midday trading on Monday, hitting $31.52. 1,086,542 shares of the company were exchanged, compared to its average volume of 2,699,966. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $9.67 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.64 and a beta of 0.98. The business has a fifty day simple moving average of $31.48 and a two-hundred day simple moving average of $29.92. Brixmor Property Group has a fifty-two week low of $24.66 and a fifty-two week high of $32.86.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The business had revenue of $354.20 million for the quarter, compared to analysts’ expectations of $354.39 million. Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, sell-side analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current year.

Institutional Trading of Brixmor Property Group

Several institutional investors have recently made changes to their positions in BRX. NewEdge Advisors LLC boosted its holdings in 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 valued at $227,000 after acquiring an additional 384 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Brixmor Property Group by 17.4% during the 3rd 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. Fifth Third Wealth Advisors LLC raised its holdings in Brixmor Property Group by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,775 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 413 shares during the period. IFM Investors Pty Ltd lifted its position in Brixmor Property Group by 0.9% during the first quarter. IFM Investors Pty Ltd now owns 50,073 shares of the real estate investment trust’s stock valued at $1,442,000 after buying an additional 459 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of 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 acquiring an additional 465 shares in the last quarter. 98.43% of the stock is 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.