Evercore ISI Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Key Points

• Evercore ISI has raised the price target for Brixmor Property Group from $31.00 to $32.00, indicating a potential upside of 14.35% from the current stock price.
• Analysts generally rate Brixmor Property Group as a "Moderate Buy," with a consensus price target of $30.75, following price target increases from various financial institutions.
• In its latest earnings report, Brixmor Property Group reported earnings per share of $0.56, beating estimates, and projected FY 2025 earnings guidance of $2.220-$2.250 EPS.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target hoisted by analysts at Evercore ISI from $31.00 to $32.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's price objective indicates a potential upside of 16.17% from the stock's current price.

Several other equities research analysts also recently issued reports on BRX. Mizuho increased 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. Scotiabank increased their price objective on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Wells Fargo & Company increased their price objective 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, LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.75.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded down $0.30 during trading on Monday, hitting $27.55. 819,892 shares of the company were exchanged, compared to its average volume of 2,337,916. The company has a market cap of $8.43 billion, a PE ratio of 25.04, a P/E/G ratio of 2.63 and a beta of 1.32. The stock has a 50 day moving average of $26.82 and a 200 day moving average of $26.01. Brixmor Property Group has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million for 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%.The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities research analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Insider Activity

In other 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 completion of the transaction, the insider directly owned 302,657 shares in the company, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Brixmor Property Group

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 53.1% during 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 purchasing an additional 498 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 953 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Brixmor Property Group during the first quarter valued at approximately $44,000. EverSource Wealth Advisors LLC increased its position in shares of Brixmor Property Group by 43.6% during the second 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 in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Brixmor Property Group by 54.4% during the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 709 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other 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.