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

Brixmor Property Group (NYSE:BRX) was upgraded by equities research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $31.00 price objective on the real estate investment trust’s stock. Evercore ISI’s target price would indicate a potential upside of 12.48% from the stock’s current price.

A number of other research analysts also recently commented on the company. Scotiabank increased their price target 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. KeyCorp increased their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Stifel Nicolaus increased their price target on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Wells Fargo & Company reduced 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. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $30.00 to $33.00 in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.69.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.56 on Tuesday. Brixmor Property Group has a 1-year low of $20.80 and a 1-year high of $30.67. The business has a 50-day moving average of $27.18 and a 200-day moving average of $27.44. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share 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, equities analysts anticipate that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Institutional Trading of Brixmor Property Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock worth $157,450,000 after purchasing an additional 38,911 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after purchasing an additional 159,388 shares during the period. Norges Bank acquired a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $110,205,000. Zurich Insurance Group Ltd FI raised its position in shares of Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock worth $86,499,000 after purchasing an additional 959,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Brixmor Property Group by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock worth $65,900,000 after buying an additional 79,778 shares in 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.