A company insider recently sold 5,000 shares of Brixmor Property Group Inc. [BRX]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brixmor Property Group Inc. shares valued at $125,700 were sold by Finnegan Brian T on May 02. At $25.14 per share, Finnegan Brian T sold 5,000 shares. The insider’s holdings dropped to 145,682 shares worth approximately $2.85 million following the completion of this transaction.

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Also, SIEGEL STEVEN F sold 20,000 shares, netting a total of over 540,000 in proceeds. Following the sale of shares at $27.00 each, the insider now holds 284,000 shares.

Before that, SIEGEL STEVEN F had sold 20,000 shares from its account. In a trade valued at $530,000, the insider traded Brixmor Property Group Inc. shares for $26.50 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $5.94 million.

As published in a research note from Mizuho on July 21, 2022, Brixmor Property Group Inc. [BRX] has been rated up from a Neutral to a Buy and the price target has been revised to $24 from $26. This represents a 18.54% premium over Thursday’s closing price. Analysts at Jefferies downgraded the stock from ‘”a Hold”‘ to ‘”an Underperform”‘ outlook in a report released in late June. As of June 23, 2022, Credit Suisse has initiated its “an Outperform” rating for BRX. Earlier on June 22, 2022, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for BRX stock which previously was a “a Neutral”.

Analyzing BRX’s Price Performance

On Thursday, Brixmor Property Group Inc. [NYSE: BRX] plunged -3.27% to $19.55. The stock’s lowest price that day was $19.465, but it reached a high of $20.22 in the same session. During the last five days, there has been a drop of approximately -7.57%. Over the course of the year, Brixmor Property Group Inc. shares have dropped approximately -23.06%. Shares of the company reached a 52-week high of $27.19 on 04/21/22 and a 52-week low of $19.42 on 06/16/22. A 50-day SMA is recorded $22.16, while a 200-day SMA reached $23.70. Nevertheless, trading volume fell to 1.66 million shares from 1.35 million shares the previous day.

Support And Resistance Levels for Brixmor Property Group Inc. (BRX)

According to the 24-hour chart, there is a support level at 19.27, which, if violated, would cause prices to drop to 18.99. In the upper region, resistance lies at 20.02. The next price resistance is at 20.50. RSI (Relative Strength Index) is 26.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.32, which suggests the price will decrease in the coming days. Percent R is at 97.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Brixmor Property Group Inc. subject to short interest?

Stocks of Brixmor Property Group Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.27 million shares to 6.58 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.85 million shares. A decline of -4.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.78 of the overall float, the days-to-cover ratio (short ratio) decline to 2.78.

Which companies own the most shares of Brixmor Property Group Inc. (BRX)?

According to The Vanguard Group, Inc. filings, the company currently owns 44,578,401 shares, which is about 14.88% of the total BRX shares outstanding. The investor’s shares have appreciated by 51,567 from its previous 13-F filing of 44526834.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $602,843,546. Wellington Management Co. LLP reduced a -3.52% interest valued at $416.96 million while SSgA Funds Management, Inc. sold a -9,245 stake. A total of 1,650,319 shares of Brixmor Property Group Inc. were sold by Massachusetts Financial Services during the quarter, and 2,062,671 were bought by CenterSquare Investment Managemen. In its current portfolio, JPMorgan Investment Management, I holds 10,605,871 shares valued at $227.81 million.

In terms of Brixmor Property Group Inc. share price expectations, FactSet research, analysts set an average price target of $25.18 in the next 12 months, up nearly 28.65% from the previous closing price of $20.21. Analysts anticipate Brixmor Property Group Inc. stock to reach $29.00 by 2022, with the lowest price target being $22.00. In spite of this, 17 analysts ranked Brixmor Property Group Inc. stock as an Overweight at the end of 2022. On January 18, 2022, Truist assigned a price target of “a Buy” to the stock and upgraded coverage with a $29.


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