Brixmor Property Group (NYSE:BRX) Price Target Raised to $32.00 at Evercore ISI

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 target price boosted by stock analysts at Evercore ISI from $31.00 to $32.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's target price indicates a potential upside of 14.35% from the company's current price.

Other research analysts have also issued reports about the stock. Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Mizuho increased their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Scotiabank increased their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research report on Monday. LADENBURG THALM/SH SH started 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 on the stock. Finally, UBS Group started coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.75.

Brixmor Property Group Trading Down 0.4%

Shares of BRX opened at $27.99 on Monday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 25.43, a PEG ratio of 2.65 and a beta of 1.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a fifty day simple moving average of $26.64 and a two-hundred day simple moving average of $25.98. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.67.

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

Insiders Place Their Bets

In other Brixmor Property Group 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. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently modified their holdings of BRX. Norges Bank bought a new stake in shares of Brixmor Property Group during the second quarter valued at approximately $101,506,000. Prudential Financial Inc. raised its position in shares of Brixmor Property Group by 160.7% during the second quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust's stock valued at $76,151,000 after buying an additional 1,802,813 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Brixmor Property Group by 60.6% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,217,092 shares of the real estate investment trust's stock valued at $109,813,000 after buying an additional 1,590,940 shares during the last quarter. Ameriprise Financial Inc. increased its position in Brixmor Property Group by 28.2% in the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock worth $185,615,000 after purchasing an additional 1,537,737 shares during the last quarter. Finally, Hudson Bay Capital Management LP raised its stake in Brixmor Property Group by 163.7% during the second 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 purchasing an additional 1,393,811 shares in the last quarter. 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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