Brixmor Property Group (NYSE:BRX) Given New $40.00 Price Target at Piper Sandler

Brixmor Property Group (NYSE:BRX) had its price target boosted by Piper Sandler from $34.00 to $40.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. UBS Group increased their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Wells Fargo & Company upped their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, KeyCorp raised their price objective on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $33.75.

Brixmor Property Group Stock Up 0.7%

Shares of Brixmor Property Group stock opened at $32.66 on Tuesday. Brixmor Property Group has a twelve month low of $24.66 and a twelve month high of $32.80. The business’s 50 day simple moving average is $31.16 and its 200-day simple moving average is $29.58. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.72 and a beta of 0.98. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business had revenue of $354.82 million for the quarter, compared to analysts’ expectations of $349.43 million. During the same period in the previous year, the firm posted $0.56 EPS. The company’s quarterly 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. Equities research analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current year.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Brixmor Property Group by 112.5% in the 1st quarter. NewEdge Advisors LLC now owns 18,398 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 9,741 shares during the last quarter. Amundi raised its position in shares of Brixmor Property Group by 24.8% in the 1st quarter. Amundi now owns 226,148 shares of the real estate investment trust’s stock valued at $6,513,000 after acquiring an additional 44,965 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Brixmor Property Group by 96.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,762 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,359 shares during the period. California State Teachers Retirement System lifted its holdings in Brixmor Property Group by 23.9% during the first quarter. California State Teachers Retirement System now owns 360,085 shares of the real estate investment trust’s stock worth $10,370,000 after acquiring an additional 69,406 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Brixmor Property Group in the 1st quarter valued at approximately $333,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.