KeyCorp Boosts Brixmor Property Group (NYSE:BRX) Price Target to $32.00

Brixmor Property Group (NYSE:BRX) had its price target upped by equities researchers at KeyCorp from $28.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price target indicates a potential upside of 11.00% from the company’s current price.

A number of other research firms have also recently weighed in on BRX. The Goldman Sachs Group raised their price target on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial lifted their target price on Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus lifted their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Piper Sandler reissued an “overweight” rating and issued a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.88.

Brixmor Property Group Stock Up 0.3 %

BRX stock opened at $28.83 on Tuesday. Brixmor Property Group has a twelve month low of $20.80 and a twelve month high of $29.19. The company has a market cap of $8.71 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.92 and a beta of 1.57. The business’s 50-day simple moving average is $27.73 and its 200 day simple moving average is $25.13. 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) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) 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 company had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. During the same period in the previous year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts anticipate that Brixmor Property Group will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On Brixmor Property Group

Institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Brixmor Property Group by 8.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,059 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 1,139 shares during the period. Sei Investments Co. increased its holdings in shares of Brixmor Property Group by 12.6% during the first quarter. Sei Investments Co. now owns 822,174 shares of the real estate investment trust’s stock worth $19,280,000 after buying an additional 92,073 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Brixmor Property Group by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 335,892 shares of the real estate investment trust’s stock worth $7,228,000 after buying an additional 10,618 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Brixmor Property Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock worth $1,070,794,000 after buying an additional 165,572 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Brixmor Property Group by 6.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 42,205 shares of the real estate investment trust’s stock valued at $990,000 after purchasing an additional 2,437 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

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.