BMO Capital Markets Upgrades Brixmor Property Group (NYSE:BRX) to “Outperform”

Brixmor Property Group (NYSE:BRX) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday,Finviz reports. The firm presently has a $33.00 price target on the real estate investment trust’s stock, up from their previous price target of $30.00. BMO Capital Markets’ target price would suggest a potential upside of 11.83% from the company’s previous close.

Several other research firms have also issued reports on BRX. KeyCorp boosted their target price on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. 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 research report on Friday, November 15th. Evercore ISI lifted their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Scotiabank increased their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company upped their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $29.65.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $29.51 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 1-year low of $20.80 and a 1-year high of $30.67. The stock has a market capitalization of $8.91 billion, a P/E ratio of 27.32, a P/E/G ratio of 4.05 and a beta of 1.58. The business has a 50-day moving average price of $28.39 and a two-hundred day moving average price of $25.94.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The business had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Brixmor Property Group’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share. Equities analysts predict that Brixmor Property Group will post 2.14 earnings per share for the current year.

Insider Activity 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 on 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 $9,305,218.16. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the period. Blue Trust Inc. grew its holdings in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares in the last quarter. Quarry LP increased 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 purchasing an additional 364 shares during the period. Maryland Capital Advisors Inc. acquired a new position in Brixmor Property Group in the third quarter valued at about $46,000. Finally, Fifth Third Bancorp grew its stake in Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 431 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.