Brixmor Property Group (NYSE:BRX) Given New $34.00 Price Target at KeyCorp

Brixmor Property Group (NYSE:BRX) had its target price hoisted by investment analysts at KeyCorp from $32.00 to $34.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price target points to a potential upside of 13.96% from the stock’s current price.

Several other equities analysts have also recently commented on BRX. Wells Fargo & Company boosted their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Scotiabank boosted their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. Truist Financial boosted their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.18.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $29.83 on Tuesday. The firm has a 50 day moving average of $29.75 and a 200-day moving average of $27.81. The stock has a market capitalization of $9.15 billion, a PE ratio of 20.72, a PEG ratio of 2.47 and a beta of 1.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. Brixmor Property Group has a 12 month low of $24.38 and a 12 month high of $31.49.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. The company had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, equities research analysts predict that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the sale, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in shares of Brixmor Property Group by 39.9% in the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after purchasing an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Brixmor Property Group by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock valued at $45,231,000 after purchasing an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 557 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at $6,048,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at $435,000. 98.43% of the stock is owned by institutional investors.

About Brixmor Property Group

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.