Truist Financial Raises Brixmor Property Group (NYSE:BRX) Price Target to $31.00

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by stock analysts at Truist Financial from $28.00 to $31.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 8.09% from the company’s current price.

BRX has been the subject of a number of other research reports. Scotiabank raised their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. KeyCorp lifted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday. Mizuho boosted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Evercore ISI lifted their price target on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

Brixmor Property Group Price Performance

NYSE BRX opened at $28.68 on Friday. The company’s 50 day moving average is $27.76 and its two-hundred day moving average is $25.15. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 3.93 and a beta of 1.57. Brixmor Property Group has a 12 month low of $20.80 and a 12 month high of $29.19.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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). The business had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. As a group, research analysts anticipate that Brixmor Property Group will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Brixmor Property Group

Large investors have recently modified their holdings of the business. UMB Bank n.a. raised its position in shares of Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $46,000. Abich Financial Wealth Management LLC raised its stake in shares of Brixmor Property Group by 50.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 431 shares during the last quarter. Institutional investors 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.