Wells Fargo & Company Begins Coverage on Brixmor Property Group (NYSE:BRX)

Key Points

• Wells Fargo & Company has initiated coverage on Brixmor Property Group with an "equal weight" rating and a price target of $28.00, suggesting a potential upside of 2.55% based on the stock's previous close.
• Multiple analysts have recently updated their price targets for Brixmor, with Evercore ISI raising it to $32.00 and a consensus price target currently at $30.75 amid generally favorable ratings for the stock.
• In the latest quarter, Brixmor reported earnings per share of $0.56, exceeding analysts' expectations, with revenues showing a 7.5% year-over-year increase.

Investment analysts at Wells Fargo & Company initiated coverage on shares of Brixmor Property Group (NYSE:BRX - Get Free Report) in a research report issued on Tuesday. The firm set an "equal weight" rating and a $28.00 price target on the real estate investment trust's stock. Wells Fargo & Company's price target would indicate a potential upside of 2.55% from the company's previous close.

A number of other analysts have also recently commented on BRX. Evercore ISI boosted their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price target on the stock. Stifel Nicolaus dropped their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Mizuho boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, Scotiabank boosted their price target on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.75.

Brixmor Property Group Price Performance

BRX opened at $27.31 on Tuesday. The stock has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $26.17. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. Brixmor Property Group has a 12-month low of $22.28 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. Brixmor Property Group's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Research analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the transaction, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. The trade was a 7.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds have recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC purchased a new position in Brixmor Property Group in the 1st quarter worth approximately $356,000. Principal Financial Group Inc. raised its stake in Brixmor Property Group by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock valued at $18,679,000 after buying an additional 11,040 shares during the last quarter. American Century Companies Inc. purchased a new stake in Brixmor Property Group during the 1st quarter valued at $270,000. Janney Montgomery Scott LLC raised its stake in Brixmor Property Group by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 861 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Brixmor Property Group by 20.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 261,431 shares of the real estate investment trust's stock valued at $6,941,000 after buying an additional 44,068 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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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