In a report released today, Juan C. Sanabria from BMO Capital maintained a Buy rating on Brixmor Property (BRX – Research Report), with a price target of $30.00.
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Juan C. Sanabria has given his Buy rating due to a combination of factors that highlight Brixmor Property’s strong leasing activity and promising future growth potential. Despite a slight miss in the fourth quarter of 2024 on non-core items, the company demonstrated robust growth in Same-Store Net Operating Income (SSNOI), which compares favorably to its peers. The initial earnings guidance for 2025 aligns with this strong SSNOI growth, indicating a well-managed portfolio and a conservative approach to forecasting.
Furthermore, Brixmor Property’s leasing execution is impressive, with expected lease commencements in 2025 projected to increase significantly. This is a positive indicator of future revenue, alongside a healthy increase in base rents contributing to SSNOI. Although there were minor setbacks due to transaction costs and a higher share count, the overall performance and strategic positioning suggest a positive outlook, supporting the Buy recommendation.
In another report released on January 27, Piper Sandler also assigned a Buy rating to the stock with a $33.00 price target.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRX in relation to earlier this year.