Brixmor Property Group (NYSE:BRX) Raised to “Outperform” at Evercore ISI

Brixmor Property Group (NYSE:BRX) was upgraded by Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $31.00 price target on the real estate investment trust’s stock. Evercore ISI’s price target would indicate a potential upside of 12.48% from the company’s previous close.

BRX has been the subject of a number of other reports. Wells Fargo & Company cut their price target 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. Mizuho boosted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. KeyCorp boosted their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. 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 report on Tuesday, October 29th. Finally, Scotiabank boosted their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.69.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.56 on Tuesday. The stock has a fifty day moving average price of $27.18 and a 200 day moving average price of $27.44. The stock has a market cap of $8.32 billion, a PE ratio of 25.52, a P/E/G ratio of 2.54 and a beta of 1.58. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last issued 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%. Sell-side analysts forecast that Brixmor Property Group will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors have recently added to or reduced their stakes in BRX. UMB Bank n.a. grew its position in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 723 shares during the period. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC grew its position in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 521 shares during the period. Headlands Technologies LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Finally, Quarry LP boosted its position in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 364 shares during the period. Hedge funds and other institutional investors 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.