Brixmor Property Group (NYSE:BRX) Given New $31.00 Price Target at Scotiabank

Key Points

• Scotiabank has raised its price target for Brixmor Property Group from $30.00 to $31.00, indicating a potential upside of 10.62% based on the stock's previous close.
• The company reported a quarterly earnings of $0.56 per share, exceeding analysts' estimates, with a year-over-year revenue increase of 7.5%.
• A significant 98.43% of Brixmor's stock is owned by institutional investors, reflecting strong institutional backing in the company.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price objective boosted by stock analysts at Scotiabank from $30.00 to $31.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's price target points to a potential upside of 10.62% from the company's previous close.

BRX has been the topic of a number of other research reports. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They set a "buy" rating and a $32.00 target price on the stock. Mizuho lifted 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. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Wells Fargo & Company lifted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Finally, Stifel Nicolaus cut their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.67.

Brixmor Property Group Stock Down 0.2%

Shares of NYSE BRX opened at $28.02 on Monday. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.32. 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 business has a 50-day moving average of $26.64 and a two-hundred day moving average of $25.98. Brixmor Property Group has a 1 year low of $22.28 and a 1 year high of $30.67.

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, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.Brixmor Property Group's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, analysts forecast that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at Brixmor Property Group

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

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its stake in Brixmor Property Group by 802.6% in the 2nd quarter. Osaic Holdings Inc. now owns 123,210 shares of the real estate investment trust's stock valued at $3,266,000 after buying an additional 109,559 shares in the last quarter. Hudson Bay Capital Management LP lifted its stake in Brixmor Property Group by 163.7% in the 2nd quarter. Hudson Bay Capital Management LP now owns 2,245,273 shares of the real estate investment trust's stock valued at $58,467,000 after buying an additional 1,393,811 shares in the last quarter. Nomura Holdings Inc. lifted its stake in Brixmor Property Group by 214.3% in the 2nd quarter. Nomura Holdings Inc. now owns 49,940 shares of the real estate investment trust's stock valued at $1,300,000 after buying an additional 34,052 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Brixmor Property Group by 27.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust's stock valued at $15,081,000 after buying an additional 123,695 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Brixmor Property Group by 4.7% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 704,778 shares of the real estate investment trust's stock valued at $18,361,000 after buying an additional 31,574 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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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