Brixmor Property Group Inc [BRX] stock prices are up 4.07% to $23.27 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BRX shares have gain 2.11% over the last week, with a monthly amount glided 3.56%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, BRIXMOR PROPERTY GROUP ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE AND TELECONFERENCE DATES. In a post published today on Yahoo Finance, Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 first quarter earnings on Monday, April 29, 2024 after the market close. Brixmor will host a teleconference on Tuesday, April 30, 2024 at 10:00 AM ET.
From an analyst’s perspective:
Brixmor Property Group Inc [NYSE: BRX] stock has seen the most recent analyst activity on February 23, 2024, when Mizuho downgraded its rating to a Neutral and also boosted its price target to $24 from $23. Previously, Deutsche Bank started tracking the stock with Buy rating on January 30, 2024, and set its price target to $27. On September 05, 2023, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $25 on the stock. Goldman upgraded its rating to a Buy but stick to its price target of $27 on August 16, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $21 as its price target on May 24, 2023. In a note dated December 16, 2022, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $29.
The stock price of Brixmor Property Group Inc [BRX] has been fluctuating between $19.40 and $24.47 over the past year. Currently, Wall Street analysts expect the stock to reach $27.14 within the next 12 months. Brixmor Property Group Inc [NYSE: BRX] shares were valued at $23.27 at the most recent close of the market. An investor can expect a potential return of 16.63% based on the average BRX price forecast.
Analyzing the BRX fundamentals
The Brixmor Property Group Inc [NYSE:BRX] reported sales of 1.25B for trailing twelve months, representing a surge of 0.36%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.80 points at the first support level, and at 22.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.51, and for the 2nd resistance point, it is at 23.75.
Brixmor Property Group Inc [BRX] reported earnings per share of $0.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.2/share, meaning a difference of $0.04 and a surprise factor of 20.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.21 per share as compared to estimates of $0.2 per share, a difference of $0.01 representing a surprise of 5.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.63, the price to book ratio is 2.45 and price to earnings (TTM) ratio is 23.09.
Transactions by insiders
Recent insider trading involved Finnegan Brian T, that happened on Mar 08 ’24 when 7500.0 shares were sold. Director, Berman Michael B completed a deal on Mar 06 ’24 to sell 10475.0 shares. Meanwhile, Finnegan Brian T sold 7500.0 shares on Feb 15 ’24.
