Brixmor Property Group (NYSE:BRX) Upgraded to Buy at Jefferies Financial Group

Brixmor Property Group (NYSE:BRX - Get Free Report) was upgraded by equities research analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage currently has a $33.00 target price on the real estate investment trust's stock, up from their prior target price of $28.00. Jefferies Financial Group's price target suggests a potential upside of 19.76% from the stock's previous close.

BRX has been the subject of several other research reports. KeyCorp upped their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Truist Financial increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a report on Friday, November 15th. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Mizuho raised their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI raised 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 report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $30.87.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.11 during mid-day trading on Friday, hitting $27.56. 3,183,212 shares of the company were exchanged, compared to its average volume of 2,656,058. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth 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 50 day moving average of $27.08 and a 200-day moving average of $27.50. 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 - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating 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%. Analysts expect that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 364 shares during the period. Creative Planning increased its stake in Brixmor Property Group by 2.8% during the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust's stock worth $337,000 after purchasing an additional 396 shares during the period. US Bancorp DE lifted its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 405 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Brixmor Property Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock valued at $1,710,000 after purchasing an additional 434 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Brixmor Property Group by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after purchasing an additional 441 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.