Brixmor Property Group (NYSE:BRX) Raised to Strong-Buy at Evercore

Brixmor Property Group (NYSE:BRX) was upgraded by stock analysts at Evercore to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research analysts also recently weighed in on BRX. Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday. UBS Group upped their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Piper Sandler upped their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Brixmor Property Group Trading Up 0.8%

Shares of BRX stock opened at $30.08 on Wednesday. Brixmor Property Group has a 1 year low of $24.38 and a 1 year high of $31.49. The firm has a fifty day moving average price of $29.74 and a 200-day moving average price of $27.70. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.11. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.68 and a beta of 1.06.

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

Insider Buying and Selling

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the sale, the director owned 18,400 shares in the company, valued at $534,152. The trade was a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Brixmor Property Group

Hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $112,307,000. Centersquare Investment Management LLC raised its position in shares of Brixmor Property Group by 22.5% during the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after buying an additional 2,275,242 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Brixmor Property Group by 49.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after buying an additional 2,119,890 shares in the last quarter. Heitman Real Estate Securities LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $48,503,000. Finally, Aew Capital Management L P raised its position in shares of Brixmor Property Group by 75.6% during the 3rd quarter. Aew Capital Management L P now owns 2,882,414 shares of the real estate investment trust’s stock valued at $79,785,000 after buying an additional 1,241,326 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.