Jefferies analyst Linda Tsai upgraded the rating on Brixmor Property (BRX – Research Report) to a Buy today, setting a price target of $33.00.
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Linda Tsai’s rating is based on several compelling factors that highlight Brixmor Property’s potential for growth and value. The company’s current valuation is considered attractive, especially when compared to its peers, as it trades at a notable discount. Brixmor’s guidance for fiscal year 2025 shows promising growth in same-store net operating income (SSNOI) and earnings, which are expected to outperform industry averages. The growth prospects are supported by robust leasing execution and a strong demand for retail space, making it a favorable investment.
Additionally, Brixmor has a competitive advantage due to its strategic capital recycling and market positioning since its spin-off from Blackstone. The company has successfully upgraded its property portfolio, enhancing its grocer productivity significantly. Despite concerns about tenant disruption and bad debt, Brixmor’s conservative guidance accounts for these risks, projecting solid growth. The company’s low average base rent and high retailer demand suggest further leasing opportunities, contributing to potential earnings and valuation expansion. Overall, these elements make Brixmor Property an appealing buy recommendation.
According to TipRanks, Tsai is a 4-star analyst with an average return of 8.6% and a 55.45% success rate. Tsai covers the Real Estate sector, focusing on stocks such as Kimco Realty, Brixmor Property, and InvenTrust Properties.
In another report released on February 12, Compass Point also reiterated a Buy rating on the stock with a $33.00 price target.