Mizuho Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Key Points

• Mizuho lowered Brixmor Property Group’s price target from $33 to $30 while maintaining an “outperform” rating, implying 8.4% upside from the prior close.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $34.36; other firms recently raised their targets as high as $40.
• BRX recently traded at $27.68 after reporting quarterly EPS of $0.24, well below the $0.58 consensus estimate, although revenue rose 4.3% year over year.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price objective dropped by equities researchers at Mizuho from $33.00 to $30.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price target would suggest a potential upside of 8.40% from the stock's previous close.

A number of other research firms have also recently commented on BRX. Piper Sandler increased their target price on Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Citigroup increased their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Truist Financial raised their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, May 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brixmor Property Group in a report on Friday, July 31st. Finally, BMO Capital Markets increased their target price on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, June 15th. Two research 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 MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and a consensus price target of $34.36.

Brixmor Property Group Stock Up 0.1%

BRX traded up $0.04 during trading on Thursday, reaching $27.68. The stock had a trading volume of 946,818 shares, compared to its average volume of 2,686,951. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.12 and a beta of 0.97. The stock's 50 day moving average is $29.98 and its two-hundred day moving average is $30.23. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86.

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 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The business had revenue of $354.20 million for the quarter, compared to the consensus estimate of $354.39 million. During the same quarter last year, the firm posted $0.56 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, analysts expect that Brixmor Property Group will post 2.36 earnings per share for the current year.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in Brixmor Property Group in the 2nd quarter valued at about $26,000. Parkside Financial Bank & Trust raised its position in shares of Brixmor Property Group by 103.7% in 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. Cassaday & Co Wealth Management LLC purchased a new position in shares of Brixmor Property Group in the first quarter worth about $26,000. Jones Financial Companies Lllp purchased a new position in shares of Brixmor Property Group in the second quarter worth about $29,000. Finally, Allworth Financial LP acquired a new position in Brixmor Property Group during the second quarter worth about $29,000. 98.43% of the stock is owned by hedge funds and other 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 across the United States. Its portfolio is primarily composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company's activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.

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