Brixmor Property Group (NYSE:BRX) Price Target Raised to $32.00 at Evercore ISI

Brixmor Property Group (NYSE:BRX) had its price objective increased by equities researchers at Evercore ISI from $31.00 to $32.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s target price would indicate a potential upside of 14.35% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Scotiabank boosted their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday. Stifel Nicolaus cut their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Mizuho upped their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Wells Fargo & Company upped their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. Finally, LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Brixmor Property Group Trading Down 0.4%

BRX stock opened at $27.99 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.67. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.65 and a beta of 1.32. The firm’s fifty day simple moving average is $26.64 and its two-hundred day simple moving average is $25.98.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $332.59 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current year.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the transaction, the insider owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BRX. Osaic Holdings Inc. lifted its holdings in Brixmor Property Group by 802.6% in the 2nd quarter. Osaic Holdings Inc. now owns 123,210 shares of the real estate investment trust’s stock valued at $3,266,000 after purchasing an additional 109,559 shares in the last quarter. Hudson Bay Capital Management LP lifted its holdings in Brixmor Property Group by 163.7% in the 2nd quarter. Hudson Bay Capital Management LP now owns 2,245,273 shares of the real estate investment trust’s stock valued at $58,467,000 after purchasing an additional 1,393,811 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Brixmor Property Group by 214.3% in the 2nd quarter. Nomura Holdings Inc. now owns 49,940 shares of the real estate investment trust’s stock valued at $1,300,000 after purchasing an additional 34,052 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Brixmor Property Group by 27.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust’s stock valued at $15,081,000 after purchasing an additional 123,695 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Brixmor Property Group by 4.7% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 704,778 shares of the real estate investment trust’s stock valued at $18,361,000 after purchasing an additional 31,574 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.