Shares of Brixmor Property Group Inc. (BRX) have gained 3.6% since the company’s last earnings report. Over the past 12 fiscal quarters, Brixmor Property Group Inc. (NYSE:BRX) has topped consensus earnings estimates in 0 quarters (0%), missed earnings in 11 quarters (91%), whereas at 1 occasion EPS met analyst expectations. BRX last reported earnings on October 29, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.49 per share, -99.81% change on the same period last year. That was better than consensus for $0.14. Revenue for the recent quarter stood at $306.48 million, down -3% on last year and above the $302.15 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $292.73 million to $308.48 million, which should be compared with $323.05 million generated last year. EPS is seen in a range of $0.16 to $0.21, against the $0.22 reported a year ago.
BRX’s 50 day simple moving average (SMA 50) price is $15.96 and its 200-day simple moving average (SMA 200) price is $16.28. The company’s stock currently has a total float of 298.98M shares. Its weekly volatility is hovering around 3.48% and felt 2.29% volatility in price over a month. On the upside, the share price will test short term resistance at around $17.13. On a downside, the stock is likely to find some support, which begins at $16.14. The failure to get near-term support could push it to $15.51.
Separately, it has been reported that multiple insider activity took place at Brixmor Property Group Inc. (BRX). Director Crosland Sheryl Maxwell acquired 1,590 shares for $11,590 in transaction occurred on 2018/05/23. After making this transaction, the Director owns a direct stake of 24,216 shares, worth $194,480, as per the last closing price. On 2018/05/09 Schreiber John, Director at BRX, purchased 10,000 shares at an average price of $14.64 per share. The new stake is valued at $922,900.
President & CEO, Taylor James M Jr had invested in 11,500 shares for $228,384 through a trade on 2018/05/04. Following this activity, the insider holds 168,475 shares worth $3,832,284 as of recent close. Wall Street’s most bullish Brixmor Property Group Inc. (NYSE:BRX) analysts are predicting the share price to blow past $21 per share during the next 12 months. The current median share price forecast by them is $18, suggesting that the stock could increase 7.27% in that time frame. The average price target of $18.18 calls for a nearly 8.34% increase in the stock price.
It had seen a positive analyst call from KeyBanc Capital Mkts, which upgraded the stock from Sector Weight to Overweight on October 29. Analysts at Sandler O’Neill, shed their positive views on August 01 by lowering it fromBuy to Hold. Brokerage firm Stifel, looks cautious as they stick to prior recommendation of Hold, in a call on July 31. However, they did change the target price from $16 to $18. Evercore ISI analysts came out with bullish views on June 11 when the call was made. They think the stock is now Outperform compared to to their prior call for In-line.
When looking at valuations, Brixmor Property Group Inc. (BRX) has a cheap P/E of 14.2x as compared to industry average of 29.02x. Moreover, it trades for 20.79 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.76x price/book and 4.03x price/sales. Compared to others, Brixmor Property Group Inc. is in a different league with regards to profitability, having net margins of 27.8%. To put some perspective around this, the industry’s average net margin is 54.93%. BRX’s ROE is 12.2%, which is also considerably better than the industry’s ROE of 7.3%.
Brixmor Property Group Inc. (NYSE:BRX) sank as low as $15.86 Thursday before getting settled at $16.78. The 3.9 percent increase called for market cap to move at $5.07B. The price went up as high as $15.86 before retreating. Trading activity significantly improved as the volume at ready counter increased to 5,098,876 shares versus 3,730,280 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,341,074 shares. The stock is now 22.13% above against its bear-market low of $13.74 on February 09, 2018. It has retreated -12.22% since it’s 52-week high of $18.83 reached in January. Now the market price is down -7.4% on the year and down -10.08% YTD.