Brixmor Property Group (NYSE:BRX) Upgraded at Wells Fargo & Company

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

BRX has been the subject of a number of other research reports. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. KeyCorp upped their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. BMO Capital Markets increased their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. UBS Group lifted their target price on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Stifel Nicolaus boosted their target price on Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock 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. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The firm has a market cap of $9.96 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.72 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. The company’s 50-day moving average price is $31.34 and its two-hundred day moving average price is $29.68.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’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 forecast that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings 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 valued at $530,000 after buying an additional 9,741 shares during the period. Amundi boosted its stake in Brixmor Property Group by 24.8% in the first quarter. Amundi now owns 226,148 shares of the real estate investment trust’s stock valued at $6,513,000 after acquiring an additional 44,965 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Brixmor Property Group by 96.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,762 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 1,359 shares during the period. California State Teachers Retirement System grew its holdings in Brixmor Property Group by 23.9% during the 1st quarter. California State Teachers Retirement System now owns 360,085 shares of the real estate investment trust’s stock worth $10,370,000 after acquiring an additional 69,406 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Brixmor Property Group during the 1st quarter valued at $333,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.