Brixmor Property Group Inc (NYSE:BRX) Director John Schreiber purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $18.85 per share, for a total transaction of $188,500.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $188,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Brixmor Property Group Inc (NYSE BRX) opened at 18.03 on Tuesday. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 19.18 and a beta of 0.54. Brixmor Property Group Inc has a one year low of $17.49 and a one year high of $29.14. The firm has a 50-day moving average price of $19.39 and a 200-day moving average price of $22.34.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $325.80 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Analysts anticipate that Brixmor Property Group Inc will post $0.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, July 6th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Monday, July 3rd. Brixmor Property Group’s payout ratio is 114.29%. A number of analysts have recently commented on BRX shares. Zacks Investment Research upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, February 6th. Stifel Nicolaus cut their target price on Brixmor Property Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, February 14th. Boenning Scattergood cut Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, March 22nd. Citigroup Inc cut their target price on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 9th. Finally, ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Brixmor Property Group presently has an average rating of “Hold” and a consensus target price of $27.00.
A number of hedge funds have recently modified their holdings of BRX. BlackRock Inc. boosted its stake in shares of Brixmor Property Group by 2,015.3% in the first quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock worth $461,888,000 after buying an additional 20,505,706 shares during the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $146,283,000. Norges Bank purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $64,235,000. Russell Investments Group Ltd. purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $52,177,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Brixmor Property Group by 122.5% in the first quarter. Bank of New York Mellon Corp now owns 3,533,889 shares of the real estate investment trust’s stock valued at $75,840,000 after buying an additional 1,945,697 shares during the period. About Brixmor Property Group