Brixmor Property Group Inc (NYSE:BRX) insider James M. Taylor, Jr. acquired 14,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was acquired at an average cost of $18.60 per share, for a total transaction of $260,400.00. Following the completion of the transaction, the insider now directly owns 203,893 shares in the company, valued at approximately $3,792,409.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Brixmor Property Group Inc (NYSE:BRX) traded up 0.54% during midday trading on Friday, hitting $18.65. The stock had a trading volume of 3,445,033 shares. The firm has a 50-day moving average of $20.21 and a 200 day moving average of $22.80. Brixmor Property Group Inc has a 52-week low of $17.49 and a 52-week high of $29.14. The firm has a market capitalization of $5.69 billion, a P/E ratio of 19.84 and a beta of 0.54.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $325.80 million during the quarter, compared to the consensus estimate of $317.02 million. Brixmor Property Group had a net margin of 21.60% and a return on equity of 9.51%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts forecast that Brixmor Property Group Inc will post $0.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, July 6th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.58%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 114.29%.
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Several equities analysts recently issued reports on BRX shares. Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Boenning Scattergood cut Brixmor Property Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 22nd. Stifel Nicolaus lowered their price target on Brixmor Property Group from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, February 14th. Barclays PLC lowered their price target on Brixmor Property Group from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, January 23rd. Finally, Citigroup Inc lowered their price target on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brixmor Property Group presently has an average rating of “Buy” and an average price target of $27.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. TLP Group LLC purchased a new position in shares of Brixmor Property Group during the third quarter worth $118,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Brixmor Property Group during the first quarter worth $131,000. Pacer Advisors Inc. increased its position in shares of Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 209 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Brixmor Property Group during the third quarter worth $195,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Brixmor Property Group by 124.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,066 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 4,466 shares during the period.
About Brixmor Property Group
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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