UBS Group Has Lowered Expectations for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX – Get Free Report) had its target price lowered by research analysts at UBS Group from $37.00 to $33.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target indicates a potential upside of 20.82% from the stock’s current price.

BRX has been the subject of several other research reports. KeyCorp reiterated an “overweight” rating and issued a $34.00 target price on shares of Brixmor Property Group in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Truist Financial began coverage on shares of Brixmor Property Group in a report on Friday, October 2nd. They set a “buy” rating and a $31.00 price target on the stock. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Finally, Piper Sandler reissued an “overweight” rating on shares of Brixmor Property Group in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.82.

Read Our Latest Analysis on Brixmor Property Group

Brixmor Property Group Stock Up 0.9%

Shares of NYSE:BRX traded up $0.23 during mid-day trading on Friday, hitting $27.31. 555,435 shares of the company traded hands, compared to its average volume of 2,743,404. The stock has a 50-day moving average price of $28.95 and a two-hundred day moving average price of $30.06. Brixmor Property Group has a 12-month low of $24.66 and a 12-month high of $32.86. The stock has a market cap of $8.38 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.08 and a beta of 0.97. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company had revenue of $354.20 million during the quarter, compared to analysts’ expectations of $354.39 million. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, equities research analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On Brixmor Property Group

Several large investors have recently modified their holdings of BRX. BlackRock Inc. purchased a new position in Brixmor Property Group in the second quarter valued at approximately $1,265,950,000. Centersquare Investment Management LLC increased its position in Brixmor Property Group by 22.5% in the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Brixmor Property Group in the second quarter valued at $180,406,000. Principal Financial Group Inc. lifted its position in shares of Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after buying an additional 4,518,001 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Brixmor Property Group by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,790,090 shares of the real estate investment trust’s stock valued at $137,955,000 after buying an additional 64,449 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

(Get Free Report)

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.

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