Brixmor Property Group Inc. (NYSE:BRX) finished Friday with an addition of $0.03 to close at $21.37, an upside of 0.14 percent. An average of 1,908,240 shares of common stock have been traded in the last five days. There was a fall of -$0.21 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,983,050 shares traded, while the 50-day average volume stands at 2,003,776.
BRX stock has decreased by -4.64% in the last month. The company shares reached their 1-month lowest point of $20.90 on 08/22/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $17.62 and a high of $24.26 in 52 weeks. It has reached a new high 6 times so far this year and lost -5.73% or -$1.30 in price. In spite of this, the price is down -11.93% from the 52-week high.
Insider Transactions
BRX stock investors should be aware that Brixmor Property Group Inc. (BRX) stock had its last reported insider trading activity 192 days ago on Feb 15. In this transaction, the insider spent $288,000. Director, Berman Michael B, disposed of 15,000 shares at a price of $22.96 on Dec 02. The insider now owns more than $344,400 worth of shares.
Valuation Metrics
Brixmor Property Group Inc. (BRX) has a trailing price-to-earnings (P/E) ratio of 18.25. The stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.19, the price-to-book (PB) ratio at 2.24, and the price-to-cash flow ratio at 26.07.
Financial Health
Further, the company has a long term debt to equity ratio of 1.71 and a total debt to equity ratio of 1.71 for the recent quarter. Its gross profit as reported stood at $438.6 million compared to revenue of $1.22 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Brixmor Property Group Inc.’s return on assets was 4.20%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$56.41 million in the quarter, while revenues of -$112.25 million were shrunk -55.63%. At the end of the recent quarter, Brixmor Property Group Inc.’s stock balance sheet showed total debt was $4.95 billion. Shareholders own equity worth $300.59 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Brixmor Property Group Inc. (BRX) price momentum. RSI 9-day as of the close on 25 August was 36.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.62%.
As of today, BRX’s price is $21.24 -0.97% or -$0.21 from its 5-day moving average. BRX is currently trading -5.06% lower than its 20-day SMA and +0.38% higher than its 100-day SMA. However, the stock’s current price level is -0.88% below the SMA50 and -1.06% below the SMA200.
The stochastic %K and %D were 20.60% and 15.25%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 19.62% and the average true range at 0.44, the RSI (14) stands at 38.60%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.55.
Analyst Ratings
Goldman upgraded Brixmor Property Group Inc. (NYSE: BRX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Brixmor Property Group Inc. (BRX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BRX, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is BRX’s price target for the next 12 months?
Analysts predict a range of price targets between $22.00 and $30.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Brixmor Property Group Inc. (BRX) stock is $25.38.
