Brixmor Property Group (NYSE:BRX) Raised to Hold at Wells Fargo & Company

Brixmor Property Group (NYSE:BRX) was upgraded by research analysts at Wells Fargo & Company to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on BRX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Stifel Nicolaus upped their target price on Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th. BMO Capital Markets upped their target price on Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. KeyCorp raised their price target on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Piper Sandler lifted their price target on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $33.75.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $32.45 on Thursday. The company has a 50 day moving average of $31.34 and a 200 day moving average of $29.68. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a market cap of $9.96 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.68 and a beta of 0.98. Brixmor Property Group has a 12 month low of $24.66 and a 12 month high of $32.86.

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

Institutional Trading of Brixmor Property Group

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in Brixmor Property Group by 112.5% in the first quarter. NewEdge Advisors LLC now owns 18,398 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 9,741 shares in the last quarter. Amundi raised its position in Brixmor Property Group by 24.8% during the first quarter. Amundi now owns 226,148 shares of the real estate investment trust’s stock valued at $6,513,000 after purchasing an additional 44,965 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Brixmor Property Group by 96.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 1,359 shares in the last quarter. California State Teachers Retirement System raised its position in Brixmor Property Group by 23.9% during the first quarter. California State Teachers Retirement System now owns 360,085 shares of the real estate investment trust’s stock valued at $10,370,000 after purchasing an additional 69,406 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Brixmor Property Group during the first quarter worth about $333,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Company Profile

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.