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

Equities research analysts at Wells Fargo & Company began coverage on shares of Brixmor Property Group (NYSE:BRX) in a note issued to investors on Tuesday, Marketbeat.com reports. 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 target price suggests a potential upside of 0.13% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Scotiabank raised their price objective on Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target on the stock. Finally, Mizuho raised their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.96 on Tuesday. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.62 and a beta of 1.33. The business has a 50-day moving average of $27.43 and a 200-day moving average of $26.19. 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 fifty-two week low of $22.28 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $339.40 million during the quarter, compared to analysts’ expectations of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.Brixmor Property Group’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, sell-side analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm’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 transaction of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Brixmor Property Group by 18.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,760 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 1,540 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Brixmor Property Group by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 861 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Brixmor Property Group by 54.4% in the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 709 shares during the last quarter. Fourth Dimension Wealth LLC grew its stake in shares of Brixmor Property Group by 76.5% in the first quarter. Fourth Dimension Wealth LLC now owns 4,529 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Brixmor Property Group by 20.3% during the first 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 acquiring an additional 44,068 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.