Brixmor Property Group (NYSE:BRX) Stock Price Target Lowered at UBS Group

Key Points

• UBS Group lowered Brixmor Property Group’s price target from $37 to $33 while maintaining a “buy” rating, implying 20.82% upside from the prior close. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $33.82.
• BRX shares rose 0.9% to $27.31, but remain below their 50-day and 200-day moving averages and within a $24.66–$32.86 52-week range.
• Brixmor reported quarterly EPS of $0.24, missing the $0.58 consensus estimate, while revenue of $354.20 million was broadly in line with expectations and increased 4.3% year over year. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price objective reduced by equities research analysts at UBS Group from $37.00 to $33.00 in a report released on Friday, Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. UBS Group's target price would indicate a potential upside of 20.82% from the company's previous close.

A number of other equities analysts also recently weighed in on the stock. Truist Financial started coverage on shares of Brixmor Property Group in a research note on Friday, October 2nd. They set a "buy" rating and a $31.00 target price for the company. Stifel Nicolaus increased their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, July 28th. Citigroup lifted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Jefferies Financial Group raised Brixmor Property Group to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Piper Sandler restated an "overweight" rating on shares of Brixmor Property Group in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.82.

Brixmor Property Group Trading Up 0.9%

BRX stock traded up $0.23 during trading on Friday, hitting $27.31. The company had a trading volume of 555,435 shares, compared to its average volume of 2,743,404. The business has a 50-day moving average of $28.95 and a 200-day moving average of $30.06. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86. The stock has a market cap of $8.38 billion, a PE ratio of 19.50, a PEG ratio of 2.08 and a beta of 0.97. The company has a current ratio of 0.82, a quick 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 (EPS) 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 firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Research analysts predict that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brixmor Property Group

A number of hedge funds have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new position in shares of Brixmor Property Group in the 1st quarter worth $26,000. Integrated Wealth Concepts LLC acquired a new position in Brixmor Property Group during the second quarter worth $26,000. Parkside Financial Bank & Trust grew its holdings in shares of Brixmor Property Group by 103.7% during the second quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 446 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Brixmor Property Group during the second quarter valued at about $29,000. Finally, Allworth Financial LP bought a new stake in shares of Brixmor Property Group during the second quarter worth about $29,000. Institutional investors and hedge funds 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 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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