Brixmor Property Group Inc (NYSE: BRX) has seen a rise in its stock price by 0.46 in relation to its previous close of 21.73. However, the company has experienced a 3.80% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-20 that I have suffered many losses over the years. But fortunately, I have had many more winners than losers. I discuss some of my best REIT investments and lessons that they taught me.
Is It Worth Investing in Brixmor Property Group Inc (NYSE: BRX) Right Now?
Brixmor Property Group Inc (NYSE: BRX) has a price-to-earnings ratio of 21.66x that is above its average ratio. Additionally, the 36-month beta value for BRX is 1.51. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for BRX is 299.03M and currently, short sellers hold a 2.62% ratio of that float. The average trading volume of BRX on April 24, 2024 was 2.61M shares.
BRX’s Market Performance
BRX stock saw a decrease of 3.80% in the past week, with a monthly decline of -3.87% and a quarterly a decrease of -3.66%. The volatility ratio for the week is 1.57%, and the volatility levels for the last 30 days are 1.80% for Brixmor Property Group Inc (BRX). The simple moving average for the past 20 days is -0.69% for BRX’s stock, with a -1.19% simple moving average for the past 200 days.
Analysts’ Opinion of BRX
Many brokerage firms have already submitted their reports for BRX stocks, with Mizuho repeating the rating for BRX by listing it as a “Neutral.” The predicted price for BRX in the upcoming period, according to Mizuho is $24 based on the research report published on February 23, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see BRX reach a price target of $27. The rating they have provided for BRX stocks is “Buy” according to the report published on January 30th, 2024.
Scotiabank gave a rating of “Sector Outperform” to BRX, setting the target price at $25 in the report published on September 05th of the previous year.
BRX Trading at -2.63% from the 50-Day Moving Average
After a stumble in the market that brought BRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.79% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares sank -2.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.09% lower at present.
During the last 5 trading sessions, BRX rose by +3.80%, which changed the moving average for the period of 200-days by -0.23% in comparison to the 20-day moving average, which settled at $21.95. In addition, Brixmor Property Group Inc saw -6.19% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRX starting from Finnegan Brian T, who sale 7,500 shares at the price of $23.00 back on Mar 08 ’24. After this action, Finnegan Brian T now owns 225,051 shares of Brixmor Property Group Inc, valued at $172,500 using the latest closing price.
Berman Michael B, the Director of Brixmor Property Group Inc, sale 10,475 shares at $22.82 during a trade that took place back on Mar 06 ’24, which means that Berman Michael B is holding 40,556 shares at $239,040 based on the most recent closing price.
Stock Fundamentals for BRX
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.67 for the gross margin
The net margin for Brixmor Property Group Inc stands at 0.28. The total capital return value is set at 0.06. Equity return is now at value 10.64, with 3.63 for asset returns.
Based on Brixmor Property Group Inc (BRX), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is 2.21.
Currently, EBITDA for the company is 807.92 million with net debt to EBITDA at 6.24. When we switch over and look at the enterprise to sales, we see a ratio of 9.33. The receivables turnover for the company is 4.47for trailing twelve months and the total asset turnover is 0.15.
Conclusion
In conclusion, Brixmor Property Group Inc (BRX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
