Many stocks have been testing new highs in 2020, and one of the most notable is Brixmor Property Group Inc. (BRX). Currently, BRX is trading at $16.04 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $12.43.
To add more color to this target, the company’s high over the last year is $22.74 and the low is $7.51. Over the last 52 weeks, BRX is down -29.46% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BRX reported a profit of $98.87 million. Brixmor Property Group Inc. also saw revenues increase to $282.3 million. In addition, BRX has free cash flow of $6.35 million as of 03-2020 The company’s EBITDA came in at $179.34 million which compares well with its peers.
BRX booked profit margins of 23.40%, its Return on Equity (ROE) is 9.90%, and its Return on Assets is 3.30%. All told, it is clear that, BRX needs to be on your watchlist.
About Brixmor Property Group Inc.
If readers are unfamiliar, Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 400 retail centers comprise approximately 70 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BRX has a short ratio of 2.20 and outstanding shares of 297.84M.
BRX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.27 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.91. Investors should also keep an eye on sector updates as BRX has historically followed its peers on positive news.
All told, Brixmor Property Group Inc. BRX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BRX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Brixmor Property Group Inc. BRX is now commanding a market cap of 4.78B and a float of 295.30M. BRX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BRX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BRX, either long or short, and we have not been compensated for this article.