Brixmor Property Group Inc. [NYSE: BRX] gained 0.97% or 0.22 points to close at $22.84 with a heavy trading volume of 5340684 shares. The company report on December 1, 2022 that BRIXMOR PROPERTY GROUP ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND TELECONFERENCE DATES.
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Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2022 fourth quarter earnings on Monday, February 13, 2023 after the market close. Brixmor will host a teleconference on Tuesday, February 14, 2023 at 9:30 AM ET.
It opened the trading session at $23.41, the shares rose to $23.44 and dropped to $22.505, the range by which the price of stock traded the whole day. The daily chart for BRX points out that the company has recorded 14.49% gains over the past six months. However, it is still -29.63% lower than its most recent low trading price.
If we look at the average trading volume of 2.41M shares, BRX reached to a volume of 5340684 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Brixmor Property Group Inc. [BRX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BRX shares is $23.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BRX stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Mizuho have made an estimate for Brixmor Property Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2022. While these analysts kept the previous recommendation, Jefferies dropped their target price from $29 to $20. The new note on the price target was released on June 30, 2022, representing the official price target for Brixmor Property Group Inc. stock. Previously, the target price had yet another raise to $23, while Credit Suisse analysts kept a Outperform rating on BRX stock. On June 22, 2022, analysts decreased their price target for BRX shares from 27 to 25.
The Average True Range (ATR) for Brixmor Property Group Inc. is set at 0.56, with the Price to Sales ratio for BRX stock in the period of the last 12 months amounting to 5.70. The Price to Book ratio for the last quarter was 2.42, with the Price to Cash per share for the same quarter was set at 0.08.
Trading performance analysis for BRX stock
Brixmor Property Group Inc. [BRX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.38. With this latest performance, BRX shares gained by 1.60% in over the last four-week period, additionally plugging by 14.49% over the last 6 months – not to mention a drop of -3.79% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BRX stock in for the last two-week period is set at 58.57, with the RSI for the last a single of trading hit 58.05, and the three-weeks RSI is set at 58.15 for Brixmor Property Group Inc. [BRX]. The present Moving Average for the last 50 days of trading for this stock 21.23, while it was recorded at 22.62 for the last single week of trading, and 22.54 for the last 200 days.
Brixmor Property Group Inc. [BRX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Brixmor Property Group Inc. [BRX] shares currently have an operating margin of +36.61 and a Gross Margin at +45.76. Brixmor Property Group Inc.’s Net Margin is presently recorded at +23.45.
Return on Equity for this stock inclined to 10.01, with Return on Assets sitting at 3.23.
Brixmor Property Group Inc. [BRX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BRX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Brixmor Property Group Inc. go to 4.69%.
An analysis of insider ownership at Brixmor Property Group Inc. [BRX]
There are presently around $6,687 million, or 99.40% of BRX stock, in the hands of institutional investors. The top three institutional holders of BRX stocks are: VANGUARD GROUP INC with ownership of 45,506,473, which is approximately 0.609% of the company’s market cap and around 0.55% of the total institutional ownership; BLACKROCK INC., holding 35,059,355 shares of the stock with an approximate value of $800.76 million in BRX stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $411.69 million in BRX stock with ownership of nearly -7.144% of the company’s market capitalization.
Positions in Brixmor Property Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 139 institutional holders increased their position in Brixmor Property Group Inc. [NYSE:BRX] by around 12,303,589 shares. Additionally, 161 investors decreased positions by around 13,766,375 shares, while 36 investors held positions by with 266,692,153 shares. The mentioned changes placed institutional holdings at 292,762,117 shares, according to the latest SEC report filing. BRX stock had 30 new institutional investments in for a total of 2,201,051 shares, while 29 institutional investors sold positions of 850,143 shares during the same period.