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

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

BRX has been the topic of several other research reports. KeyCorp boosted their price target on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. UBS Group upped their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Piper Sandler increased their price target on shares of Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $33.75.

Brixmor Property Group Stock Performance

BRX opened at $32.45 on Thursday. The stock has a market cap of $9.96 billion, a PE ratio of 22.53, a P/E/G ratio of 2.68 and a beta of 0.98. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. Brixmor Property Group has a 1 year low of $24.66 and a 1 year high of $32.86. The stock’s 50 day simple moving average is $31.34 and its 200-day simple moving average is $29.68.

Brixmor Property Group (NYSE:BRX) last issued 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. The business had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.Brixmor Property Group’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Sell-side analysts forecast that Brixmor Property Group will post 2.36 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Brixmor Property Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after purchasing an additional 198,567 shares in the last quarter. State Street Corp increased its position in shares of Brixmor Property Group by 0.5% during the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after purchasing an additional 81,497 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Brixmor Property Group by 22.5% during the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after purchasing an additional 2,275,242 shares during the last quarter. Invesco Ltd. lifted its holdings in Brixmor Property Group by 6.8% during the 3rd quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after purchasing an additional 511,976 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Brixmor Property Group by 49.6% in the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after buying an additional 2,119,890 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

About Brixmor Property Group

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.