Brixmor Property Group Inc. (BRX): What Technical Indicators Show

Brixmor Property Group Inc. (NYSE:BRX) saw an upside of 1.35% to close Tuesday at $23.21 after adding $0.31 on the day. The 5-day average trading volume is 2,015,160 shares of the company’s common stock. It has gained $23.50 in the past week. An average of 2,152,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,935,260.

BRX’s 1-month performance is -0.56% or $0.69 on its low of $22.11 reached on 09/30/21. The company’s shares have touched a 52-week low of $10.58 and high of $24.42, with the stock’s rally to the 52-week high happening on 06/10/21. YTD, BRX has achieved 40.24% or $6.66. However, the current price is down -4.95%% from the 52-week high price.


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Insider Transactions

On Sep 20, 23 days have gone by since the last insider trading activity for Brixmor Property Group Inc. (BRX). Finnegan Brian T (See Remarks) most recently sold 5,000 shares at $22.58 per share on Sep 20. This transaction cost the insider $112,900. See Remarks, SIEGEL STEVEN F, sold 7,500 shares at a price of $23.40 on Sep 15. Then, on Aug 20, See Remarks Finnegan Brian T sold 5,000 shares at a price of $22.57 per share. This transaction amounted to $112,850.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 63.92 and a low of 8.648. BRX stock has a beta of 1.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.39 while the price-to-book (PB) in the most recent quarter is 2.55, with the price to cash flow ratio at 20.40.

Brixmor Property Group Inc. pays an annual dividend of $0.86 per share. Its dividend yield is 3.71% and the payout ratio is 131.40%. BRX paid $0.2150 a share compared with prior rate of $0.2150, down 0.0% from last year’s. The company latest dividend decrease of $0.07 reported on Wednesday November 4 2020. Measured over the last 3 years, the Dividend has been growing by -45.19% yearly.

It is projected that Brixmor Property Group Inc.’s next ex-dividend date will be on 4-Jan. BRX is expected to distribute $0.215 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.91, while the total debt to equity was 1.91. In terms of profitability, the gross margin trailing 12 months is 73.80%. while for the period ending June 29; Brixmor Property Group Inc.’s operating margin was 30.80%. The firm’s gross profit as reported stood at $319.23 million against revenue of $1.05 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Brixmor Property Group Inc.’s cash and short-term investments amounted to $18.19 million against total debt of $5.22 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BRX to announce $0.14 per share in earnings in its latest quarter, but it posted $0.3, representing a 114.30% surprise. EBITDA for the quarter stood at more than $186.1 million. BRX stock balance sheet for the quarter ending June 29 shows that, with total debt at $5.22 billion. Shareholders hold equity totaling $296.98 million

Technical Picture

Let’s look briefly at Brixmor Property Group Inc. (BRX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 54.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.47%.

The stock’s 5-day moving average is $23.05, reflecting a +2.16% or $0.49 change from its current price. BRX is currently trading -0.26% above its 20-day SMA, +6.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.62% and +42.39% respectively.

Stochastic %K and %D was 61.92% and 61.55% and the average true range (ATR) pointed at 0.55. The RSI (14) points at 52.56%, while the 14-day stochastic is at 74.58% with the period’s ATR at 0.56. The stock’s 9-day MACD Oscillator is pointing at 0.11 and 0.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Brixmor Property Group Inc. (NYSE: BRX), Wolfe Research launched coverage with a Peer perform rating. Analysts offering their rating for BRX stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate BRX as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is BRX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $23.00 and a high of $30.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Brixmor Property Group Inc. (BRX) stock is $25.14.

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