Brixmor Property Group Inc. (NYSE:BRX – Get Free Report) insider Steven F. Siegel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Brixmor Property Group Stock Performance
Shares of Brixmor Property Group stock opened at $24.40 on Wednesday. The firm has a market cap of $7.35 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 4.15 and a beta of 1.57. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. Brixmor Property Group Inc. has a 52 week low of $19.46 and a 52 week high of $24.47. The business’s fifty day simple moving average is $22.47 and its 200-day simple moving average is $22.47.
Brixmor Property Group (NYSE:BRX – Get Free Report) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The company had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. During the same period in the previous year, the company earned $0.50 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Brixmor Property Group Inc. will post 2.11 earnings per share for the current year.
Brixmor Property Group Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, July 2nd were given a dividend of $0.2725 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.47%. Brixmor Property Group’s payout ratio is currently 117.21%.
Analyst Upgrades and Downgrades
BRX has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, May 28th. StockNews.com raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. cut their target price on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Truist Financial reiterated a “buy” rating and set a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. Finally, Mizuho dropped their price objective on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $25.13.
Check Out Our Latest Analysis on BRX
Institutional Trading of Brixmor Property Group
Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of Brixmor Property Group during the fourth quarter worth $40,000. GAMMA Investing LLC acquired a new position in Brixmor Property Group during the 4th quarter worth about $45,000. Larson Financial Group LLC purchased a new position in Brixmor Property Group during the 1st quarter valued at about $47,000. Abich Financial Wealth Management LLC grew its position in Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in Brixmor Property Group during the first quarter worth about $165,000. Institutional investors and hedge funds own 98.43% of the company’s stock.
About Brixmor Property Group
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 362 retail centers comprise approximately 64 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.
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