Brixmor Property Group (NYSE:BRX) Price Target Cut to $30.00 by Analysts at Mizuho

Brixmor Property Group (NYSE:BRX) had its price objective decreased by stock analysts at Mizuho from $33.00 to $30.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price objective indicates a potential upside of 8.40% from the company’s current price.

A number of other research firms also recently commented on BRX. Truist Financial boosted their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. UBS Group raised their price target on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Finally, Citigroup raised their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

Brixmor Property Group Stock Performance

BRX stock traded up $0.04 on Thursday, hitting $27.68. The company’s stock had a trading volume of 946,818 shares, compared to its average volume of 2,686,951. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. Brixmor Property Group has a 1 year low of $24.66 and a 1 year high of $32.86. The firm has a 50 day moving average of $29.98 and a two-hundred day moving average of $30.23.

Brixmor Property Group (NYSE:BRX) last released 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). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company had revenue of $354.20 million for the quarter, compared to analysts’ expectations of $354.39 million. During the same period in the prior year, the business earned $0.56 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts predict that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRX. BlackRock Inc. acquired a new position in Brixmor Property Group in the second quarter worth approximately $1,265,950,000. Centersquare Investment Management LLC raised its stake in shares of Brixmor Property Group by 22.5% during the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after purchasing an additional 2,275,242 shares in the last quarter. Geode Capital Management LLC lifted its stake in Brixmor Property Group by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 6,266,337 shares of the real estate investment trust’s stock valued at $164,334,000 after acquiring an additional 119,786 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Brixmor Property Group during the second quarter valued at about $180,406,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Brixmor Property Group by 18.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,341,006 shares of the real estate investment trust’s stock worth $140,041,000 after purchasing an additional 817,572 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.