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

Key Points

• Scotiabank has increased its price target for Brixmor Property Group (NYSE:BRX) from $29.00 to $30.00, indicating a potential upside of 7.74% from its current price.
• The consensus rating for Brixmor Property Group among analysts is a "Moderate Buy" with a consensus price target of $30.42.
• Brixmor reported a quarterly earnings per share (EPS) of $0.56, surpassing analysts' expectations and showing a 7.5% year-over-year revenue increase.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price objective increased by equities research analysts at Scotiabank from $29.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's price target suggests a potential upside of 7.74% from the stock's current price.

Several other research firms also recently issued reports on BRX. Mizuho lifted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. The Goldman Sachs Group cut their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company upped their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Stifel Nicolaus cut their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Finally, UBS Group began coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.42.

Brixmor Property Group Stock Performance

BRX stock traded down $0.21 during trading on Thursday, reaching $27.85. 278,166 shares of the company's stock were exchanged, compared to its average volume of 2,372,482. Brixmor Property Group has a 1-year low of $22.28 and a 1-year high of $30.67. 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 company's fifty day moving average price is $26.16 and its 200-day moving average price is $25.95. The firm has a market cap of $8.52 billion, a PE ratio of 25.34, a P/E/G ratio of 2.61 and a beta of 1.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS 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 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 revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, research analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Brixmor Property Group by 18.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 362,770 shares of the real estate investment trust's stock valued at $10,100,000 after acquiring an additional 56,095 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Brixmor Property Group in the fourth quarter worth approximately $264,000. Quarry LP raised its position in Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 533 shares during the period. Northern Trust Corp raised its position in shares of Brixmor Property Group by 96.2% during the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after purchasing an additional 2,388,264 shares during the period. Finally, AQR Capital Management LLC grew its stake in Brixmor Property Group by 5.0% during the fourth quarter. AQR Capital Management LLC now owns 615,358 shares of the real estate investment trust's stock valued at $17,070,000 after acquiring an additional 29,289 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

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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