Brixmor Property Group (NYSE:BRX) Upgraded by Jefferies Financial Group to “Buy” Rating

Brixmor Property Group (NYSE:BRX) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Friday,Finviz reports. The firm currently has a $33.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $28.00. Jefferies Financial Group’s price objective suggests a potential upside of 17.38% from the company’s current price.

Several other research firms also recently weighed in on BRX. Mizuho lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday. Truist Financial boosted 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. Scotiabank raised their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.87.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $28.12 on Friday. Brixmor Property Group has a one year low of $20.80 and a one 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. The business’s 50 day moving average price is $27.16 and its 200 day moving average price is $27.45. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Brixmor Property Group will post 2.14 EPS for the current year.

Insider Transactions at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.76% of the company’s stock.

Institutional Trading of Brixmor Property Group

Several institutional investors and hedge funds have recently made changes to their positions in BRX. CANADA LIFE ASSURANCE Co increased its position in Brixmor Property Group by 3.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 633,316 shares of the real estate investment trust’s stock worth $17,620,000 after buying an additional 21,124 shares during the period. Canada Pension Plan Investment Board raised its position in Brixmor Property Group by 6.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after purchasing an additional 467,146 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in Brixmor Property Group by 6.3% during the 4th quarter. Ceredex Value Advisors LLC now owns 552,850 shares of the real estate investment trust’s stock worth $15,391,000 after purchasing an additional 32,950 shares during the period. XTX Topco Ltd grew its position in Brixmor Property Group by 19.8% during the 4th quarter. XTX Topco Ltd now owns 28,780 shares of the real estate investment trust’s stock worth $801,000 after purchasing an additional 4,762 shares during the last quarter. Finally, Barclays PLC increased its stake in Brixmor Property Group by 122.5% in the fourth quarter. Barclays PLC now owns 463,961 shares of the real estate investment trust’s stock valued at $12,916,000 after purchasing an additional 255,430 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

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.