Wells Fargo & Company Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by Wells Fargo & Company from $26.00 to $28.00 in a report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

Several other analysts have also commented on the stock. UBS Group began coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a “buy” rating and a $29.00 target price for the company. Mizuho increased their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. The Goldman Sachs Group cut their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.33.

Brixmor Property Group Trading Up 1.8%

Brixmor Property Group stock opened at $28.08 on Wednesday. The firm has a 50 day simple moving average of $26.16 and a 200-day simple moving average of $25.95. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $8.60 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.61 and a beta of 1.29. Brixmor Property Group has a 12-month low of $22.28 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business had revenue of $339.40 million during the quarter, compared to analysts’ expectations of $332.59 million. During the same period last year, the firm posted $0.54 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities research analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group’s dividend payout ratio is 104.55%.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds have recently made changes to their positions in the company. Transcend Capital Advisors LLC purchased a new stake in Brixmor Property Group in the 1st quarter worth approximately $356,000. Principal Financial Group Inc. lifted its position in Brixmor Property Group by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust’s stock worth $18,679,000 after buying an additional 11,040 shares in the last quarter. Fifth Third Bancorp lifted its position in Brixmor Property Group by 54.6% in the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 1,628 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Brixmor Property Group by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 861 shares in the last quarter. Finally, Tower View Wealth Management LLC purchased a new stake in Brixmor Property Group in the 1st quarter worth approximately $328,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.