Brixmor Property Group (NYSE:BRX) Given Buy (B) Rating at Weiss Ratings

Key Points

• Brixmor Property Group's stock has retained a Buy rating from Weiss Ratings, with a consensus Moderate Buy rating across eleven analysts.
• Analysts have varying price targets, ranging from a low of $28.00 to a high of $32.00, with an average target of $30.75.
• The company reported a quarterly EPS of $0.56, surpassing estimates, and projected FY 2025 EPS guidance between $2.220 - $2.250.

Brixmor Property Group (NYSE:BRX - Get Free Report)'s stock had its "buy (b)" rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company initiated coverage on Brixmor Property Group in a report on Tuesday. They set an "equal weight" rating and a $28.00 price target for the company. Evercore ISI increased their price objective on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a "buy" rating and a $32.00 price objective on the stock. Finally, Mizuho increased their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.75.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded up $0.23 on Friday, hitting $28.19. The stock had a trading volume of 2,563,392 shares, compared to its average volume of 2,318,608. The firm's 50 day moving average price is $27.46 and its 200-day moving average price is $26.22. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.64 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities research analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $28.21, for a total transaction of $705,250.00. Following the transaction, the insider owned 302,657 shares of the company's stock, valued at $8,537,953.97. This trade 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 this link. 0.75% of the stock is owned by insiders.

Institutional Trading of Brixmor Property Group

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in Brixmor Property Group during the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its position in Brixmor Property Group by 53.1% in the 1st 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 in the last quarter. Brooklyn Investment Group boosted its stake in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 953 shares during the period. SVB Wealth LLC acquired a new position in Brixmor Property Group in the 1st quarter worth $44,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 557 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

About Brixmor Property Group

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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