Brixmor Property Group Inc. (NYSE: BRX) stock fell -3.27% on Friday to $19.55 against a previous-day closing price of $20.21. With 1.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.8 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $20.22 whereas the lowest price it dropped to was $19.47. The 52-week range on BRX shows that it touched its highest point at $27.19 and its lowest point at $19.42 during that stretch. It currently has a 1-year price target of $25.00. With its current market cap of 5.83 billion, BRX has annualized dividend of $0.96 while the current yield stands at 4.91%. Beta for the stock currently stands at 1.52.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BRX was down-trending over the past week, with a drop of -7.57%, but this was down by -13.00% over a month. Three-month performance dropped to -3.98% while six-month performance fell -21.58%. The stock lost -15.84% in the past year, while it has lost -23.06% so far this year. A look at the trailing 12-month EPS for BRX yields 0.98 with Next year EPS estimates of 0.89. For the next quarter, that number is 0.20. This implies an EPS growth rate of 122.40% for this year and -7.31% for next year. EPS is expected to decline by -2.22% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.20%.
Float and Shares Shorts:
At present, 299.99 million BRX shares are outstanding with a float of 298.01 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.58 million, which was 2.20% higher than short shares on Jun 14, 2022. In addition to Mr. James M. Taylor Jr. as the firm’s CEO, Pres & Director, Ms. Angela M. Aman serves as its Exec. VP, CFO & Treasurer.
Through their ownership of 100.56% of BRX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.57% of BRX, in contrast to 44.09% held by mutual funds. Shares owned by individuals account for 1.68%. As the largest shareholder in BRX with 14.88% of the stake, The Vanguard Group, Inc. holds 44,578,401 shares worth 44,578,401. A second-largest stockholder of BRX, BlackRock Fund Advisors, holds 28,065,342 shares, controlling over 9.37% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in BRX, holding 19,411,472 shares or 6.48% stake. With a 4.56% stake in BRX, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 13,661,702 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.95% of BRX stock, is the second-largest Mutual Fund holder. It holds 8,833,932 shares valued at 189.75 million. iShares Core S&P Mid Cap ETF holds 2.93% of the stake in BRX, owning 8,790,096 shares worth 188.81 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRX since 17 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BRX analysts setting a high price target of $29.00 and a low target of $22.00, the average target price over the next 12 months is $25.18. Based on these targets, BRX could surge 48.34% to reach the target high and rise by 12.53% to reach the target low. Reaching the average price target will result in a growth of 28.8% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BRX will report FY 2022 earnings on 02/06/2023. Analysts have provided yearly estimates in a range of $0.99 being high and $0.84 being low. For BRX, this leads to a yearly average estimate of $0.92. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Brixmor Property Group Inc. surprised analysts by $0.09 when it reported $0.29 EPS against a consensus estimate of $0.20. The surprise factor in the prior quarter was $0.06. Based on analyst estimates, the high estimate for the next quarter is $0.21 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.20.
Summary of Insider Activity:
Insiders traded BRX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 51 while that of sell transactions has risen to 54 over the past year. The total number of shares bought during that period was 693,231 while 453,455 shares were sold.