Brixmor Property Group (NYSE:BRX) Stock Gets Price Target Trim from Piper Sandler

Key Points

• Piper Sandler lowered Brixmor Property Group’s price target from $40 to $36 while maintaining an “overweight” rating, implying approximately 31.7% upside from the stock’s $27.34 price.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average price target of $33.45, despite mixed individual target revisions.
• Brixmor’s latest quarterly earnings came in below expectations at $0.24 per share versus the $0.58 consensus estimate, while revenue totaled $354.2 million and rose 4.3% year over year.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target decreased by equities researchers at Piper Sandler from $40.00 to $36.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Piper Sandler's price target indicates a potential upside of 31.68% from the stock's current price.

A number of other research firms have also weighed in on BRX. Mizuho reduced their target price on shares of Brixmor Property Group from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, September 24th. Weiss Ratings restated a "buy (b)" rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Citigroup raised their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company upgraded shares of Brixmor Property Group to a "hold" rating in a report on Thursday, July 23rd. 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $33.45.

Brixmor Property Group Trading Up 0.1%

Shares of BRX stock traded up $0.04 during mid-day trading on Monday, reaching $27.34. 200,047 shares of the stock traded hands, compared to its average volume of 2,737,671. The stock's fifty day simple moving average is $28.87 and its two-hundred day simple moving average is $30.05. Brixmor Property Group has a 1-year low of $24.66 and a 1-year high of $32.86. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). The firm had revenue of $354.20 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, research analysts anticipate that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Brixmor Property Group

Several large investors have recently modified their holdings of BRX. BlackRock Inc. acquired a new position in Brixmor Property Group in the second quarter valued at approximately $1,265,950,000. Canada Pension Plan Investment Board acquired a new stake in shares of Brixmor Property Group during the 2nd quarter worth approximately $180,406,000. Principal Financial Group Inc. grew its position in shares of Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust's stock worth $149,083,000 after buying an additional 4,518,001 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Brixmor Property Group by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,790,090 shares of the real estate investment trust's stock worth $137,955,000 after buying an additional 64,449 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at $122,922,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.