Brixmor Property Group (NYSE:BRX) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Brixmor Property Group (NYSE:BRX) had its price target hoisted by equities research analysts at Wells Fargo & Company from $28.00 to $32.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 8.12% from the company’s current price.

A number of other research firms have also weighed in on BRX. JPMorgan Chase & Co. boosted their target price on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Truist Financial lifted their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Scotiabank decreased their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Finally, UBS Group raised their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.18.

Brixmor Property Group Stock Performance

NYSE:BRX traded up $0.05 during mid-day trading on Thursday, hitting $29.60. The stock had a trading volume of 139,048 shares, compared to its average volume of 3,024,064. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.70. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.67 and a beta of 1.06. The company’s 50 day simple moving average is $28.30 and its 200 day simple moving average is $27.26. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $353.75 million for the quarter, compared to the consensus estimate of $347.42 million. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, equities research analysts forecast that Brixmor Property Group will post 2.22 earnings per share for the current year.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the transaction, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Brixmor Property Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock worth $1,179,543,000 after acquiring an additional 198,567 shares during the period. State Street Corp increased its holdings in shares of Brixmor Property Group by 0.5% during the second 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 during the period. Centersquare Investment Management LLC raised its position in shares of Brixmor Property Group by 22.5% in the fourth 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 buying an additional 2,275,242 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Brixmor Property Group by 0.4% in the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after buying an additional 51,778 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Brixmor Property Group by 6.8% in the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after buying an additional 511,976 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.