Brixmor Property Group Inc (NYSE: BRX)’s stock price has gone decline by -0.16 in comparison to its previous close of 27.86, however, the company has experienced a -0.26% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-09-30 that Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs typically experience knee-jerk selloffs after property damage announcements, but these are often over-reactions and tend to reverse over time. Most REIT-owned properties are durable and well-insured, mitigating long-term financial impacts, though insurance rates may rise, affecting future expenses.
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 that is above its average at 28.53x. The stock has a 36-month beta value of 1.55. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for BRX is 299.08M, and at present, short sellers hold a 2.97% of that float. On October 01, 2024, the average trading volume of BRX was 2.14M shares.
BRX’s Market Performance
BRX’s stock has seen a -0.26% decrease for the week, with a 1.56% rise in the past month and a 21.89% gain in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are at 1.56% for Brixmor Property Group Inc The simple moving average for the past 20 days is 0.64% for BRX’s stock, with a 18.07% 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 4.97% 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 -2.23% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +1.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.53% upper at present.
During the last 5 trading sessions, BRX fell by -0.34%, which changed the moving average for the period of 200-days by +17.48% in comparison to the 20-day moving average, which settled at $27.66. In addition, Brixmor Property Group Inc saw 19.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRX starting from Crosland Sheryl Maxwell, who sale 5,000 shares at the price of $25.45 back on Aug 14 ’24. After this action, Crosland Sheryl Maxwell now owns 46,291 shares of Brixmor Property Group Inc, valued at $127,250 using the latest closing price.
Crosland Sheryl Maxwell, the Director of Brixmor Property Group Inc, proposed sale 5,000 shares at $25.20 during a trade that took place back on Aug 14 ’24, which means that Crosland Sheryl Maxwell is holding shares at $126,000 based on the most recent closing price.
Stock Fundamentals for BRX
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.61 for the gross margin
The net margin for Brixmor Property Group Inc stands at 0.23. The total capital return value is set at 0.06. Equity return is now at value 10.28, with 3.46 for asset returns.
Based on Brixmor Property Group Inc (BRX), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.11. The interest coverage ratio of the stock is 2.28.
Currently, EBITDA for the company is 807.92 million with net debt to EBITDA at 6.04. When we switch over and look at the enterprise to sales, we see a ratio of 10.62. The receivables turnover for the company is 4.99for trailing twelve months and the total asset turnover is 0.14.
Conclusion
To sum up, Brixmor Property Group Inc (BRX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
