Brixmor Property Group Inc. (NYSE: BRX) stock fell -1.90% on Thursday to $19.63 against a previous-day closing price of $20.01. With 2.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.2 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $19.93 whereas the lowest price it dropped to was $19.40. The 52-week range on BRX shows that it touched its highest point at $24.52 and its lowest point at $17.62 during that stretch. It currently has a 1-year price target of $24.92. With its current market cap of 5.94 billion, BRX has annualized dividend of $1.04 while the current yield stands at 5.30%. Beta for the stock currently stands at 1.55.
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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 -3.77%, but this was down by -3.73% over a month. Three-month performance dropped to -12.83% while six-month performance fell -15.31%. The stock lost -15.50% in the past year, while it has lost -13.41% so far this year. A look at the trailing 12-month EPS for BRX yields 1.27 with Next year EPS estimates of 0.93. For the next quarter, that number is 0.21. This implies an EPS growth rate of 29.80% for this year and -6.36% for next year. EPS is expected to decline by -2.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.50%.
Float and Shares Shorts:
At present, 300.82 million BRX shares are outstanding with a float of 298.27 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.27 million, which was 1.42% higher than short shares on Mar 30, 2023. 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 100.09% of BRX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.48% of BRX, in contrast to 39.26% held by mutual funds. Shares owned by individuals account for 1.78%. As the largest shareholder in BRX with 15.18% of the stake, The Vanguard Group, Inc. holds 45,604,096 shares worth 45,604,096. A second-largest stockholder of BRX, BlackRock Fund Advisors, holds 29,682,169 shares, controlling over 9.88% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in BRX, holding 16,839,520 shares or 5.60% stake. With a 4.39% stake in BRX, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 13,180,121 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.11% of BRX stock, is the second-largest Mutual Fund holder. It holds 9,358,855 shares valued at 199.62 million. Vanguard Total Stock Market ETF holds 3.09% of the stake in BRX, owning 9,285,361 shares worth 198.06 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BRX reported revenue of $306.13M and operating income of $114.49M. The EBITDA in the recently reported quarter was $198.02M and diluted EPS was $0.29.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BRX since 0 analysts follow the stock currently. 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 $21.00, the average target price over the next 12 months is $24.55. Based on these targets, BRX could surge 47.73% to reach the target high and rise by 6.98% to reach the target low. Reaching the average price target will result in a growth of 25.06% 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.
Summary of Insider Activity:
Insiders traded BRX stock several times over the past three months with 7 Buys and 0 Sells. In these transactions, 43,892 shares were bought while 0 shares were sold. The number of buy transactions has increased to 46 while that of sell transactions has risen to 42 over the past year. The total number of shares bought during that period was 701,386 while 367,640 shares were sold.