Brixmor Property Group (NYSE:BRX) Price Target Raised to $31.00

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target raised by research analysts at Truist Financial from $28.00 to $31.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price target suggests a potential upside of 7.19% from the stock's previous close.

Several other research firms have also recently commented on BRX. KeyCorp upped their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an "overweight" rating in a research note on Tuesday. StockNews.com downgraded shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Stifel Nicolaus raised their price target on Brixmor Property Group from $25.50 to $27.50 and gave the company a "hold" rating in a report on Tuesday, October 29th. Piper Sandler restated an "overweight" rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Finally, Mizuho increased their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.13.

Brixmor Property Group Stock Performance

BRX traded up $0.24 during trading on Friday, hitting $28.92. 1,036,072 shares of the stock were exchanged, compared to its average volume of 2,282,831. The firm has a market capitalization of $8.74 billion, a P/E ratio of 26.56, a PEG ratio of 3.93 and a beta of 1.57. Brixmor Property Group has a 1-year low of $20.80 and a 1-year high of $29.19. The stock has a fifty day moving average price of $27.76 and a two-hundred day moving average price of $25.15. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same quarter in the prior year, the company earned $0.50 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts predict that Brixmor Property Group will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Brixmor Property Group

A number of large investors have recently bought and sold shares of BRX. Vanguard Group Inc. lifted its position in shares of Brixmor Property Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust's stock valued at $1,070,794,000 after acquiring an additional 165,572 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Brixmor Property Group by 37.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust's stock worth $169,131,000 after buying an additional 1,995,299 shares during the last quarter. Millennium Management LLC increased its position in Brixmor Property Group by 35.5% during the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock worth $132,443,000 after purchasing an additional 1,501,282 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock worth $138,185,000 after acquiring an additional 159,388 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Brixmor Property Group by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust's stock worth $110,940,000 after buying an additional 396,242 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

About Brixmor Property Group

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.