Brixmor Property Group Inc (BRX) Holding Strong: What’s pushing it?

In yesterday’s Wall Street session, Brixmor Property Group Inc (NYSE:BRX) shares traded at $22.07, down -1.69% from the previous session.

BRX stock price is now -2.71% away from the 50-day moving average and 0.45% away from the 200-day moving average. The market capitalization of the company currently stands at $6.65B.

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With the price target enhanced from $23 to $24, Mizuho Downgraded its rating from Buy to Neutral for Brixmor Property Group Inc (NYSE: BRX). On January 30, 2024, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $27, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’

In other news, Finnegan Brian T, insider sold 7,500 shares of the company’s stock on Mar 08 ’24. The stock was sold for $172,500 at an average price of $23.00. Upon completion of the transaction, the insider now directly owns 225,051 shares in the company, valued at $4.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Director Berman Michael B sold 10,475 shares of the business’s stock. A total of $239,040 was realized by selling the stock at an average price of $22.82. This leaves the insider owning 40,556 shares of the company worth $0.9 million. A total of 0.77% of the company’s stock is owned by insiders.

During the past 12 months, Brixmor Property Group Inc has had a low of $19.40 and a high of $24.47. The fifty day moving average price for BRX is $22.66 and a two-hundred day moving average price translates $21.98 for the stock.

The latest earnings results from Brixmor Property Group Inc (NYSE: BRX) was released for Dec, 2023. According to the REIT – Retail Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.2 by 0.04. This compares to $0.36 EPS in the same period last year. The net profit margin was 24.43% and return on equity was 10.64% for BRX. The company reported revenue of $316.49 million for the quarter, compared to $308.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.57 percent. For the current quarter, analysts expect BRX to generate $314.63M in revenue.

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