Brixmor Property Group (NYSE:BRX) Now Covered by Analysts at Truist Financial

Key Points

• Truist Financial initiated coverage of Brixmor Property Group with a “buy” rating and a $31 price target, implying 12.67% upside from the prior close. Analysts collectively rate the stock “Moderate Buy,” with an average target of $34.18.
• Brixmor shares traded at $27.51, near the lower half of their 12-month range of $24.66 to $32.86. The company’s latest quarterly EPS of $0.24 missed the $0.58 consensus estimate, although revenue increased 4.3% year over year to $354.2 million.
• Institutional investors own 98.43% of Brixmor’s shares. Principal Financial Group significantly increased its position, while HSBC also expanded its holdings during the reported periods.

Equities research analysts at Truist Financial initiated coverage on shares of Brixmor Property Group (NYSE:BRX - Get Free Report) in a note issued to investors on Friday. The firm set a "buy" rating and a $31.00 price target on the real estate investment trust's stock. Truist Financial's price objective suggests a potential upside of 12.67% from the stock's previous close.

A number of other equities analysts have also commented on BRX. Stifel Nicolaus boosted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, July 28th. Jefferies Financial Group upgraded shares of Brixmor Property Group to a "strong-buy" rating in a research report on Friday, June 26th. UBS Group raised their price objective on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Wells Fargo & Company upgraded shares of Brixmor Property Group to a "hold" rating in a research report on Thursday, July 23rd. Finally, Mizuho decreased their price target on shares of Brixmor Property Group from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of "Moderate Buy" and an average target price of $34.18.

Brixmor Property Group Price Performance

Shares of NYSE BRX traded down $0.06 during midday trading on Friday, reaching $27.51. 102,669 shares of the company traded hands, compared to its average volume of 2,722,018. Brixmor Property Group has a 12 month low of $24.66 and a 12 month high of $32.86. 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 stock's 50-day simple moving average is $29.43 and its 200-day simple moving average is $30.14. The firm has a market cap of $8.44 billion, a PE ratio of 19.62, a PEG ratio of 2.14 and a beta of 0.97.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its 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 firm had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. During the same quarter last year, the business earned $0.56 EPS. The company's revenue for the quarter 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. As a group, equities analysts anticipate that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in Brixmor Property Group in the second quarter valued at approximately $2,841,000. Hsbc Holdings PLC boosted its position in shares of Brixmor Property Group by 77.3% during the fourth quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust's stock worth $21,575,000 after purchasing an additional 359,006 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Brixmor Property Group in the 1st quarter valued at $1,443,000. Quantinno Capital Management LP increased its position in shares of Brixmor Property Group by 9.5% in the 1st quarter. Quantinno Capital Management LP now owns 526,680 shares of the real estate investment trust's stock valued at $15,168,000 after buying an additional 45,809 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Brixmor Property Group by 686.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust's stock valued at $149,083,000 after buying an additional 4,518,001 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Company Profile

Brixmor Property Group Inc NYSE: BRX is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company's activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.

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