Brixmor Property Group Inc. (BRX) Director John Schreiber Purchases 10,000 Shares
Brixmor Property Group Inc. (NYSE:BRX) Director John Schreiber purchased 10,000 shares of Brixmor Property Group stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $18.72 per share, with a total value of $187,200.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $374,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Brixmor Property Group Inc. (NYSE BRX) traded up 1.64% during midday trading on Friday, hitting $19.23. The stock had a trading volume of 3,471,943 shares. The firm’s 50-day moving average price is $19.03 and its 200-day moving average price is $20.15. The firm has a market capitalization of $5.86 billion, a PE ratio of 19.70 and a beta of 0.53. Brixmor Property Group Inc. has a one year low of $17.35 and a one year high of $29.14.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The firm had revenue of $322.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same period last year, the business posted $0.50 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts predict that Brixmor Property Group Inc. will post $0.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.41%. Brixmor Property Group’s payout ratio is currently 106.12%.
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Hedge funds have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI increased its stake in shares of Brixmor Property Group by 22.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 13,054 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 2,415 shares during the last quarter. Honeywell International Inc. acquired a new stake in shares of Brixmor Property Group during the first quarter worth $2,667,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Brixmor Property Group by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,685 shares of the real estate investment trust’s stock worth $1,860,000 after buying an additional 1,679 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Brixmor Property Group by 136.7% in the first quarter. Canada Pension Plan Investment Board now owns 49,700 shares of the real estate investment trust’s stock worth $1,067,000 after buying an additional 28,700 shares during the last quarter. Finally, Exane Derivatives increased its stake in shares of Brixmor Property Group by 10,789.7% in the first quarter. Exane Derivatives now owns 31,580 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 31,290 shares during the last quarter.
A number of research analysts have issued reports on BRX shares. Barclays PLC reduced their price target on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, June 16th. Zacks Investment Research upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a report on Monday, June 19th. BidaskClub upgraded Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Citigroup Inc. cut their price objective on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.06.
Brixmor Property Group Company Profile
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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