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

Brixmor Property Group (NYSE:BRX) had its price target lifted by Wells Fargo & Company from $28.00 to $32.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

BRX has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of 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 target on Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Piper Sandler increased their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, UBS Group raised their target price on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $31.18.

Brixmor Property Group Stock Performance

NYSE BRX opened at $29.49 on Thursday. The company has a market cap of $9.05 billion, a P/E ratio of 23.41, a PEG ratio of 2.66 and a beta of 1.06. The company has a fifty day simple moving average of $28.37 and a 200 day simple moving average of $27.28. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. Brixmor Property Group has a 12-month low of $22.28 and a 12-month high of $30.70.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 net margin of 28.16% and a return on equity of 13.00%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Sell-side analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a dividend of $0.3075 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 annualized dividend and a yield of 4.2%. Brixmor Property Group’s dividend payout ratio is presently 97.62%.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of Brixmor Property Group stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the sale, the director owned 18,400 shares of the company’s stock, valued at approximately $534,152. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings 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 worth $1,179,543,000 after purchasing an additional 198,567 shares during the period. State Street Corp grew its holdings in 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 valued at $408,813,000 after purchasing an additional 81,497 shares during the period. Centersquare Investment Management LLC grew its holdings in Brixmor Property Group by 22.5% during 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 purchasing an additional 2,275,242 shares during the period. Franklin Resources Inc. increased its position in 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 worth $338,747,000 after buying an additional 51,778 shares during the last quarter. Finally, Invesco Ltd. increased its position in 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 worth $222,457,000 after buying an additional 511,976 shares during the last quarter. 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.