Brixmor Property Group Inc (NYSE:BRX) Director Sheryl Maxwell Crosland acquired 1,590 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The stock was acquired at an average cost of $15.23 per share, with a total value of $24,215.70. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $152,300. The transaction was disclosed in a filing with the SEC, which is available at this link.
Brixmor Property Group stock traded down $0.08 during mid-day trading on Thursday, reaching $15.14. 6,474,400 shares of the company were exchanged, compared to its average volume of 3,805,904. Brixmor Property Group Inc has a 12 month low of $13.74 and a 12 month high of $20.59. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $4.52 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 1.90 and a beta of 0.39.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.31). Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The company had revenue of $317.17 million for the quarter, compared to the consensus estimate of $315.84 million. During the same quarter last year, the business earned $0.53 EPS. Brixmor Property Group’s revenue was down 2.6% on a year-over-year basis. sell-side analysts expect that Brixmor Property Group Inc will post 2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, July 6th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.10 dividend on an annualized basis and a yield of 7.27%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 52.63%.
A number of institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH increased its stake in Brixmor Property Group by 42.3% during the 1st quarter. Allianz Asset Management GmbH now owns 1,030,705 shares of the real estate investment trust’s stock worth $15,718,000 after acquiring an additional 306,474 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Brixmor Property Group by 27.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 19,668 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 4,252 shares during the period. Royal Bank of Canada increased its stake in Brixmor Property Group by 15.8% during the 1st quarter. Royal Bank of Canada now owns 1,015,880 shares of the real estate investment trust’s stock worth $15,492,000 after acquiring an additional 138,721 shares during the period. Legal & General Group Plc increased its stake in Brixmor Property Group by 11.7% during the 1st quarter. Legal & General Group Plc now owns 1,357,497 shares of the real estate investment trust’s stock worth $20,702,000 after acquiring an additional 141,757 shares during the period. Finally, Verition Fund Management LLC increased its stake in Brixmor Property Group by 160.9% during the 1st quarter. Verition Fund Management LLC now owns 61,937 shares of the real estate investment trust’s stock worth $945,000 after acquiring an additional 38,198 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.
A number of analysts have recently issued reports on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, May 2nd. ValuEngine raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Wednesday. Goldman Sachs Group initiated coverage on Brixmor Property Group in a report on Friday, May 18th. They set a “buy” rating and a $17.50 price target for the company. BMO Capital Markets set a $19.00 price target on Brixmor Property Group and gave the stock a “hold” rating in a report on Monday, April 30th. Finally, Sandler O’Neill set a $18.00 price target on Brixmor Property Group and gave the stock a “buy” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Brixmor Property Group currently has a consensus rating of “Hold” and an average target price of $18.32.
Brixmor Property Group Company Profile
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.
Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.