Brixmor Property Group Inc (NYSE: BRX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted BRIXMOR PROPERTY GROUP ANNOUNCES TAX REPORTING INFORMATION FOR 2023 DISTRIBUTIONS.

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Stocks Info

Brixmor Property Group Inc is listed on the NYSE in the Real Estate sector while operating in the REIT – Retail industry. At the end of the last regular session, the stock closed at $22.33 and fluctuated between $22.70 as its day high and $22.12 as its day low. The current market capitalization of Brixmor Property Group Inc is $6.71B. A total of 2.26 million shares were traded on the day, compared to an average of 2.40M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BRX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 12 SELLs from insiders. Insiders purchased 278,600 shares during that period but sold 135,852.

In the most recent transaction, Finnegan Brian T sold 7,500 shares of BRX for 23.26 per share on Jan 02. After the transaction, the insider now owns 213,549 company shares. In a previous transaction on Dec 14, Aman Angela M sold 10,000 shares at 24.00 per share. BRX shares that President, CFO and Treasurer owns now total 152,054.

Among the insiders who sold shares, Finnegan Brian T disposed of 7,500 shares on Dec 13 at a per-share price of $23.00. This resulted in the insider holding 186,873 shares of BRX after the transaction. In another insider transaction, Aman Angela M sold 12,500 shares at $23.04 per share on Feb 15. Company shares held by the EVP, Chief Financial Officer now total 162,054.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Brixmor Property Group Inc pays an annual dividend of $1.05, resulting in a dividend yield of 4.70%, and it has a price to earnings (P/E) ratio of 19.93. BRX’s most recent ex-dividend date was 1/2/2024 when it declared a $0.2725 quarterly dividend that was paid in cash on 1/16/2024. Previously, the company paid the dividend on 10/16/2023 with an ex-dividend date of 10/2/2023. The BRX stock dividend was $0.26 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BRX in the last 3 months, the mean price target is $25.11 with high estimates of $30.00 and low estimates of $22.00. In terms of 52-week highs and lows, BRX has a high of $24.47 and a low of $19.40.

As of this writing, BRX has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.18. The company reported an EPS of $0.19 in the last quarter, which was -9.50% lower than expectations of $0.21.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. BRX’s latest balance sheet shows that the firm has $316.86M in Cash & Short Term Investments as of fiscal 2021. There were $5.16B in debt and $790.86M in liabilities at the time. Its Book Value Per Share was $9.54, while its Total Shareholder’s Equity was $2.72B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BRX is Buy with a score of 4.20.

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