Brixmor Property Group (NYSE:BRX) Stock Rating Upgraded by Evercore ISI

Brixmor Property Group (NYSE:BRX) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report released on Tuesday,Finviz reports. The brokerage currently has a $31.00 price target on the real estate investment trust’s stock. Evercore ISI’s target price would indicate a potential upside of 18.34% from the stock’s current price.

A number of other research analysts have also issued reports on BRX. Mizuho boosted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Wells Fargo & Company cut their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Truist Financial upped their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.38.

Brixmor Property Group Stock Down 1.8 %

Shares of NYSE:BRX opened at $26.20 on Tuesday. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.54 and a beta of 1.58. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock’s 50-day moving average price is $27.28 and its two-hundred day moving average price is $27.42.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. On average, research analysts forecast that Brixmor Property Group will post 2.14 EPS for the current year.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd lifted its holdings in shares of Brixmor Property Group by 163.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 12,826 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 7,950 shares during the period. Saiph Capital LLC bought a new position in shares of Brixmor Property Group during the fourth quarter valued at $244,000. Xponance Inc. increased its stake in shares of Brixmor Property Group by 6.7% in the fourth quarter. Xponance Inc. now owns 39,211 shares of the real estate investment trust’s stock valued at $1,092,000 after buying an additional 2,476 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Brixmor Property Group by 106.2% in the fourth quarter. Intech Investment Management LLC now owns 101,896 shares of the real estate investment trust’s stock valued at $2,837,000 after buying an additional 52,475 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Brixmor Property Group by 52.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 396,855 shares of the real estate investment trust’s stock valued at $11,048,000 after buying an additional 136,719 shares in the last quarter. 98.43% of the stock is owned by 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.