Brixmor Property Group (NYSE:BRX) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Brixmor Property Group has received a "buy (B)" rating from Weiss Ratings, reaffirming confidence in the stock.
• Multiple brokerages have increased their target prices for Brixmor Property Group, with an average target set at $30.75.
• Brixmor's quarterly earnings reported $0.56 EPS, exceeding estimates and demonstrating a 7.5% year-over-year revenue growth.

Brixmor Property Group (NYSE:BRX - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on BRX. Mizuho raised their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They set a "buy" rating and a $32.00 price objective for the company. Stifel Nicolaus decreased their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Scotiabank boosted their price target on Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a report on Monday, September 15th. Finally, Evercore ISI lifted their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.75.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded up $0.04 during trading on Wednesday, hitting $26.91. 1,507,298 shares of the company's stock traded hands, compared to its average volume of 2,315,187. Brixmor Property Group has a 1 year low of $22.28 and a 1 year high of $30.67. The business has a 50-day simple moving average of $27.22 and a 200-day simple moving average of $26.10. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $8.24 billion, a P/E ratio of 24.46, a PEG ratio of 2.55 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. During the same period in the previous year, the business posted $0.54 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, analysts forecast that Brixmor Property Group will post 2.22 EPS for the current year.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the transaction, the insider directly owned 302,657 shares in the company, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company's stock.

Institutional Trading of Brixmor Property Group

A number of institutional investors have recently bought and sold shares of BRX. Smartleaf Asset Management LLC raised its stake in shares of Brixmor Property Group by 53.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 498 shares during the period. Brooklyn Investment Group lifted its stake in shares of Brixmor Property Group by 146.4% during the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 953 shares during the last quarter. SVB Wealth LLC purchased a new position in Brixmor Property Group during the 1st quarter valued at $44,000. EverSource Wealth Advisors LLC grew its position in Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 557 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Brixmor Property Group by 54.4% in the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 709 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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