Brixmor Property Group Inc (NYSE: BRX): Reassessing Prospects

Brixmor Property Group Inc (BRX) concluded trading on Thursday at a closing price of $27.09, with 3.62 million shares of worth about $98.01 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.13% during that period and on December 19, 2024 the price saw a loss of about -2.06%. Currently the company’s common shares owned by public are about 302.06M shares, out of which, 299.83M shares are available for trading.

Stock saw a price change of -6.13% in past 5 days and over the past one month there was a price change of -8.76%. Year-to-date (YTD), BRX shares are showing a performance of 16.42% which increased to 16.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.80 but also hit the highest price of $30.67 during that period. The average intraday trading volume for Brixmor Property Group Inc shares is 2.03 million. The stock is currently trading -7.66% below its 20-day simple moving average (SMA20), while that difference is down -5.27% for SMA50 and it goes to 7.71% higher than SMA200.

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Brixmor Property Group Inc (NYSE: BRX) currently have 302.06M outstanding shares and institutions hold larger chunk of about 97.54% of that.

The stock has a current market capitalization of $8.18B and its 3Y-monthly beta is at 1.57. PE ratio of stock for trailing 12 months is 25.00, while it has posted earnings per share of $1.08 in the same period. Its PEG reads 5.02 while making debt-to-equity ratio of 1.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRX, volatility over the week remained 2.42% while standing at 1.63% over the month.

Stock’s fiscal year EPS is expected to rise by 2.83% while it is estimated to decrease by -6.24% in next year. EPS is likely to grow at an annualized rate of 4.98% for next 5-years, compared to annual growth of -3.63% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on December 06, 2024 offering an Outperform rating for the stock and assigned a target price range of between $30 and $33 to it. Coverage by Mizuho stated Brixmor Property Group Inc (BRX) stock as a Neutral in their note to investors on February 23, 2024, suggesting a price target of $24 for the stock. On January 30, 2024, Deutsche Bank Initiated their recommendations, while on September 05, 2023, Scotiabank Upgrade their ratings for the stock with a price target of $25. Stock get a Buy rating from Goldman on August 16, 2023.

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