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

Key Points

• Wells Fargo & Company has increased its price target for Brixmor Property Group from $26.00 to $28.00, indicating a potential upside of 1.28% from the stock's previous close.
• Brixmor Property Group's latest quarterly earnings surpassed expectations, reporting $0.56 earnings per share, higher than the anticipated $0.55.
• The consensus among analysts rates Brixmor Property Group as a "Moderate Buy" with an average target price of $30.33.

Brixmor Property Group (NYSE:BRX - Get Free Report) had its price target upped by research analysts at Wells Fargo & Company from $26.00 to $28.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would suggest a potential upside of 1.28% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. UBS Group started coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. Scotiabank dropped their target price 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 Monday, May 12th. Finally, Mizuho boosted their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.33.

Brixmor Property Group Stock Up 0.5%

NYSE:BRX opened at $27.65 on Wednesday. The firm's 50 day simple moving average is $26.11 and its 200 day simple moving average is $25.94. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. Brixmor Property Group has a one year low of $22.28 and a one year high of $30.67. The company has a market cap of $8.46 billion, a PE ratio of 25.13, a P/E/G ratio of 2.61 and a beta of 1.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping 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 company had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Brixmor Property Group's revenue for the quarter 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. On average, research analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current year.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently made changes to their positions in BRX. Norges Bank acquired a new stake in shares of Brixmor Property Group in the 2nd quarter worth about $101,506,000. Northern Trust Corp raised its holdings in shares of Brixmor Property Group by 96.2% in the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after acquiring an additional 2,388,264 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Brixmor Property Group by 160.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust's stock worth $76,151,000 after acquiring an additional 1,802,813 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Brixmor Property Group by 60.6% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,217,092 shares of the real estate investment trust's stock worth $109,813,000 after acquiring an additional 1,590,940 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Brixmor Property Group by 28.2% in the 1st quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock worth $185,615,000 after acquiring an additional 1,537,737 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Company Profile

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.

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