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

Brixmor Property Group (NYSE:BRX) had its price target upped by investment analysts at Wells Fargo & Company from $32.00 to $33.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target points to a potential upside of 6.93% from the company’s previous close.

Several other equities analysts have also commented on the stock. Truist Financial increased their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. UBS Group raised their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, KeyCorp boosted their target price on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.55.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $30.86 on Tuesday. The stock’s 50-day moving average is $29.74 and its 200 day moving average is $28.02. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.55 and a beta of 1.00. Brixmor Property Group has a 1-year low of $24.66 and a 1-year high of $31.49. 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 (NYSE:BRX) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, sell-side analysts anticipate that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Brixmor Property Group

A number of hedge funds have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new position in shares of Brixmor Property Group during the first quarter valued at about $26,000. Clearstead Advisors LLC grew its stake in shares of Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 495 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,130 shares during the period. SHP Wealth Management purchased a new position in Brixmor Property Group during the 4th quarter valued at about $34,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in Brixmor Property Group during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors 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.