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

Wells Fargo & Company upgraded shares of Brixmor Property Group (NYSE:BRX) to a hold rating in a report released on Thursday morning,Zacks.com reports.

Several other brokerages have also commented on BRX. UBS Group increased their price objective on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Piper Sandler boosted their target price on Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday. 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. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Truist Financial lifted their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Brixmor Property Group presently has an average rating of “Buy” and a consensus target price of $33.75.

Brixmor Property Group Stock Up 1.5%

Shares of NYSE:BRX opened at $32.45 on Thursday. Brixmor Property Group has a 52-week low of $24.66 and a 52-week high of $32.86. The firm has a fifty day moving average of $31.34 and a 200 day moving average of $29.68. The firm has a market capitalization of $9.96 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bayhunt Capital LLC bought a new stake in Brixmor Property Group in the fourth quarter valued at approximately $14,793,000. Strs Ohio grew its holdings in shares of Brixmor Property Group by 6.6% in the fourth quarter. Strs Ohio now owns 1,480,492 shares of the real estate investment trust’s stock worth $38,818,000 after purchasing an additional 91,612 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Brixmor Property Group by 253.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock worth $13,230,000 after purchasing an additional 365,535 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Brixmor Property Group by 77.3% in the fourth quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust’s stock worth $21,575,000 after buying an additional 359,006 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Brixmor Property Group by 199.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 70,651 shares of the real estate investment trust’s stock worth $1,852,000 after buying an additional 47,049 shares during the period. 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.