BRX (Brixmor Property Group Inc.) may reap gains as insiders became active recently


Brixmor Property Group Inc.’s filing revealed that its Director Berman Michael B unloaded Company’s shares for reported $0.34 million on Dec 02. In the deal valued at $22.96 per share,15,000 shares were sold. As a result of this transaction, Berman Michael B now holds 45,146 shares worth roughly $ 1.03 million.

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Then, Finnegan Brian T sold 5,000 shares, generating $125,700 in total proceeds. Upon selling the shares at $25.14, the insider now owns 145,682 shares.

Before that, SIEGEL STEVEN F sold 20,000 shares. Brixmor Property Group Inc. shares valued at $540,000 were divested by the insider at a price of $27.00 per share. As a result of the transaction, SIEGEL STEVEN F now holds 284,000 shares, worth roughly $6.46 million.

Wolfe Research upgraded its Brixmor Property Group Inc. [BRX] rating to an Outperform from a a Peer perform in a research note published on Tuesday. PT values the company’s stock at a premium of 21.62 to its Tuesday closing price. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. Jefferies also remained covering BRX and has decreased its forecast on June 30, 2022 with a “an Underperform” recommendation from previously “Hold” rating. Credit Suisse started covering the stock on June 23, 2022. It rated BRX as “an Outperform”.

Price Performance Review of BRX

On Tuesday, Brixmor Property Group Inc. [NYSE:BRX] saw its stock jump 0.22% to $22.73. On the same session, the stock had its day’s lowest price of $22.55, but rose to a high of $22.8975. Over the last five days, the stock has lost -0.39%. Brixmor Property Group Inc. shares have risen nearly 0.26% since the year began. Nevertheless, the stocks have fallen -6.50% over the past one year. While a 52-week high of $27.19 was reached on 01/04/23, a 52-week low of $17.62 was recorded on 01/10/23. SMA at 50 days reached $22.58, while 200 days put it at $22.17. A total of 1.54 million shares were traded, compared to the trading of 1.84 million shares in the previous session.

Levels Of Support And Resistance For BRX Stock

The 24-hour chart illustrates a support level at 22.55, which if violated will result in even more drops to 22.38. On the upside, there is a resistance level at 22.90. A further resistance level may holdings at 23.07. The Relative Strength Index (RSI) on the 14-day chart is 52.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.25%. Stochastics %K at 64.58% indicates the stock is a holding.

How much short interest is there in Brixmor Property Group Inc.?

A steep rise in short interest was recorded in Brixmor Property Group Inc. stocks on Oct 13, 2022, dropping by 100000.0 shares to a total of 4.84 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 4.94 million shares. There was a decline of -2.07%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.99.

Brixmor Property Group Inc. [BRX] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 44,858,474 shares, or roughly 14.96% of the outstanding BRX shares. In other words, the investor’s shares have risen by 280,073 from its previous 13-F filing of 44578401.0. Additionally, BlackRock Fund Advisors decreased -0.26% of its stake after which the total value it holdings stand at $634,616,590, while Wellington Management Co. LLP reduced -7.14% of its stake to hold $408.62 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 322,635 shares of Brixmor Property Group Inc., while Massachusetts Financial Services bought 110,980 shares. At present, CenterSquare Investment Managemen is holding 11,313,696 shares valued at $256.48 million. JPMorgan Investment Management, I owned 10,343,093 shares of the company at the time of its most recent 13F filing, worth $234.48 million.

According to FactSet, Brixmor Property Group Inc.’s share price will average $24.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.23 percent from its previous closing price of $22.68. Analysts expect Brixmor Property Group Inc. stock to reach the higher price of $29.00, while the lowest price estimate is $21.00. However, 17 analysts have rated BRX stock as an Overweight in their predictions for 2023.


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