As of Friday close, Brixmor Property Group Inc.’s (NYSE:BRX) stock was down -$0.28, moving down -1.29 percent to $21.40. The average number of shares traded per day over the past five days has been 1,683,980 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.50 fall in that time frame. In the last twenty days, the average volume was 2,296,045, while in the previous 50 days, it was 2,074,436.
Since last month, BRX stock retreated -0.33%. Shares of the company fell to $20.97 on 08/23/23, the lowest level in the past month. A 52-week high of $24.26 was reached on 02/02/23 after having rallying from a 52-week low of $17.62. Since the beginning of this year, BRX’s stock price has dropped by -5.60% or -$1.27, and marked a new high 6 times. However, the stock has declined by -11.81% since its 52-week high.
BRX stock investors should be aware that Brixmor Property Group Inc. (BRX) stock had its last reported insider trading activity 220 days ago on Feb 15. Aman Angela M, the EVP, Chief Financial Officer of the company, disposed of 12,500 shares for $23.04 on Feb 15. It resulted in a $288,000 divestment by the insider. Berman Michael B sold 15,000 shares at an average price of $22.96 on Dec 02. The insider now owns 45,146 shares following the transaction.
Valuation Metrics
Right now, Brixmor Property Group Inc. (BRX) has a P/E ratio of about 18.27. The stock’s beta is 1.54. Besides these, the trailing price-to-sales (P/S) ratio of 5.23, the price-to-book (PB) ratio of 2.24, and the price-to-cash flow ratio of 26.27 may also be considered.
The latest dividend of $0.26 per share was paid out, remained unchanged from last year’s $0.26.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.71, and the total debt-to-equity ratio was 1.71. On the profitability front, the trailing twelve-month gross margin is 74.20% percent. In the year ended June 29, operating margins totaled 35.00%. Based on annual data, BRX earned $438.6 million in gross profit and brought in $1.22 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.50%. Return on equity (ROE) for the past 12 months was 12.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BRX’s revenue rose 1.18% to $622.9 million during the quarter, while net income inched up to $619.64 million. While analysts expected Brixmor Property Group Inc. to report $0.21 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by -9.50%. During the quarter, the company generated $183.45 million in EBITDA. The value of shareholders’ equity is $300.59 million.
Technical Picture
This quick technical analysis looks at Brixmor Property Group Inc.’s (BRX) price momentum. With a historical volatility rate of 24.51%, the RSI 9-day stood at 32.83% on 22 September.
With respect to its five-day moving average, the current Brixmor Property Group Inc. price is down by -6.55% percent or -$1.50. At present, BRX shares trade +0.28% above its 20-day simple moving average and +1.42% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.31% below its SMA50 and -5.18% below its SMA200.
Stochastic coefficient K was 35.49% and Stochastic coefficient D was 41.64%, while ATR was 0.42. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 38.70%. As of today, the MACD Oscillator reading stands at -0.56, while the 14-day reading stands at -0.42.
Analyst Ratings
Scotiabank upgraded its rating on Brixmor Property Group Inc. (NYSE: BRX) to a Sector outperform in a note to investors on September 05, 2023. The analysts firm previously had a Sector perform rating on the stock.Brixmor Property Group Inc. (BRX) has been rated Overweight by analysts. According to 0 brokerage firms, BRX is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Brixmor Property Group Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $22.00 – $30.00. Based on these forecasts, analysts predict Brixmor Property Group Inc. (BRX) will achieve an average price target of $25.56.
