Brixmor Property Group Inc. (NYSE:BRX) saw an upside of 1.20% to close Monday at $22.78 after adding $0.27 on the day. The 5-day average trading volume is 2,537,480 shares of the company’s common stock. It has gained $22.92 in the past week and touched a new high 2 times within the past 5 days. An average of 2,093,735 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,146,626.
BRX’s 1-month performance is 4.11% or $0.90 on its low of $21.75 reached on 07/10/23. The company’s shares have touched a 52-week low of $17.62 and high of $24.49, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BRX has achieved 0.49% or $0.11 and has reached a new high 6 times. However, the current price is down -6.98% from the 52-week high price.
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Insider Transactions
BRX stock investors last saw insider trading activity on Feb 15.Aman Angela M (EVP, Chief Financial Officer) most recently sold 12,500 shares at $23.04 per share on Feb 15. This transaction cost the insider $288,000. Director, Berman Michael B, sold 15,000 shares at a price of $22.96 on Dec 02.
Valuation Metrics
BRX stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.54 while the price-to-book (PB) in the most recent quarter is 2.38.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.71, while the total debt to equity was 1.71. In terms of profitability, the gross margin trailing 12 months is 74.20%. The firm’s gross profit as reported stood at $438.6 million against revenue of $1.22 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Brixmor Property Group Inc.’s cash and short-term investments amounted to $21.11 million against total debt of $4.95 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -55.63% to -$56.41 million, while revenue of -$112.25 million was -98.99% off the previous quarter. Analysts expected BRX to announce $0.21 per share in earnings in its latest quarter, but it posted $0.19, representing a -9.50% surprise. EBITDA for the quarter stood at more than $183.45 million. Shareholders hold equity totaling $300.59 million.
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 07 August was 57.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.72%.
The stock’s 5-day moving average is $22.60, reflecting a +0.18% or $0.04 change from its current price. BRX is currently trading +3.73% above its 20-day SMA, +5.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.84% and SMA200 by+16.76%.
Stochastic %K and %D was 43.41% and 40.83% and the average true range (ATR) pointed at 0.43. The RSI (14) points at 58.14%, while the 14-day stochastic is at 58.14% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Brixmor Property Group Inc. (NYSE: BRX), Wells Fargo launched coverage with an Equal weight rating. Analysts offering their rating for BRX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BRX as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 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 $22.00 and a high of $28.00, with their median price target at $24.75. Looking at these predictions, the average price target given by analysts is for Brixmor Property Group Inc. (BRX) stock is $24.94.
