Brixmor Property Group Inc. (NYSE:BRX – Get Free Report) insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $23.00, for a total transaction of $172,500.00. Following the completion of the transaction, the insider now owns 225,051 shares in the company, valued at $5,176,173. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Brixmor Property Group Trading Up 0.1 %
BRX opened at $22.75 on Monday. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.74 and a beta of 1.53. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a twelve month low of $19.40 and a twelve month high of $24.47. The company has a 50-day simple moving average of $22.71 and a 200 day simple moving average of $22.02.
Brixmor Property Group (NYSE:BRX – Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The firm had revenue of $316.49 million for the quarter, compared to analyst estimates of $311.77 million. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Analysts predict that Brixmor Property Group Inc. will post 2.08 EPS for the current fiscal year.
Brixmor Property Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be issued a dividend of $0.273 per share. The ex-dividend date of this dividend is Monday, April 1st. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a dividend yield of 4.80%. Brixmor Property Group’s payout ratio is 107.92%.
Hedge Funds Weigh In On Brixmor Property Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Brixmor Property Group by 3.7% in the fourth quarter. Wellington Management Group LLP now owns 10,915,844 shares of the real estate investment trust’s stock valued at $254,012,000 after buying an additional 394,158 shares during the period. Quarry LP bought a new position in shares of Brixmor Property Group during the fourth quarter worth about $40,000. FIL Ltd raised its holdings in Brixmor Property Group by 1.4% during the 4th quarter. FIL Ltd now owns 182,481 shares of the real estate investment trust’s stock worth $4,246,000 after purchasing an additional 2,500 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Brixmor Property Group by 5.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 256,718 shares of the real estate investment trust’s stock valued at $5,974,000 after buying an additional 12,208 shares during the period. Finally, GSA Capital Partners LLP boosted its position in Brixmor Property Group by 430.1% during the fourth quarter. GSA Capital Partners LLP now owns 53,682 shares of the real estate investment trust’s stock valued at $1,249,000 after acquiring an additional 43,555 shares during the last quarter. Institutional investors own 94.98% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on BRX. Stifel Nicolaus boosted their price objective on Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Brixmor Property Group in a report on Tuesday, January 30th. They set a “buy” rating and a $27.00 target price on the stock. Wells Fargo & Company lowered their price target on Brixmor Property Group from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, November 13th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $24.00 price objective (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $25.38.
View Our Latest Report on Brixmor Property Group
Brixmor Property Group Company Profile
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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