Brixmor Property Group Inc. (BRX) Director John Schreiber Buys 10,000 Shares of Stock
Brixmor Property Group Inc. (NYSE:BRX) Director John Schreiber acquired 10,000 shares of the business’s stock in a transaction on Friday, November 18th. The stock was purchased at an average price of $23.70 per share, for a total transaction of $237,000.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $118,500. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Brixmor Property Group Inc. (NYSE:BRX) traded up 0.92% during midday trading on Tuesday, hitting $24.03. 100,739 shares of the stock were exchanged. Brixmor Property Group Inc. has a one year low of $19.91 and a one year high of $29.14. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 30.34 and a beta of 0.61. The company has a 50 day moving average price of $25.38 and a 200 day moving average price of $26.60.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 24th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The business earned $318.58 million during the quarter, compared to analysts’ expectations of $312.70 million. Brixmor Property Group had a net margin of 18.62% and a return on equity of 8.19%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Equities analysts anticipate that Brixmor Property Group Inc. will post $2.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Thursday, January 5th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, January 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.25. Brixmor Property Group’s dividend payout ratio (DPR) is 125.64%.
Several equities research analysts have recently weighed in on BRX shares. TheStreet raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Mitsubishi UFJ Financial Group started coverage on shares of Brixmor Property Group in a research report on Wednesday, September 7th. They issued an “outperform” rating and a $29.00 target price for the company. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Evercore ISI raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, August 22nd. Finally, Citigroup Inc. raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $31.00 in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.36.
Several large investors have recently made changes to their positions in BRX. TLP Group LLC bought a new stake in Brixmor Property Group during the third quarter valued at $118,000. Point72 Asia Hong Kong Ltd bought a new stake in Brixmor Property Group during the second quarter valued at $124,000. Mn Services Vermogensbeheer B.V. boosted its stake in Brixmor Property Group by 19.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 5,309 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 871 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in Brixmor Property Group during the third quarter valued at $170,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in Brixmor Property Group by 10.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,140 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 586 shares during the last quarter.
About Brixmor Property Group
Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.
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