Brixmor Property Group Inc. (NYSE:BRX) CFO Sells $240,000.00 in Stock

Brixmor Property Group Inc. (NYSE:BRX) CFO Angela M. Aman sold 10,000 shares of the stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now owns 86,702 shares of the company’s stock, valued at $2,080,848. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Brixmor Property Group stock traded down $0.18 during trading hours on Thursday, hitting $24.11. The company had a trading volume of 1,617,996 shares, compared to its average volume of 2,302,564. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 63.69, a PEG ratio of 1.64 and a beta of 1.71. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.93. Brixmor Property Group Inc. has a one year low of $10.58 and a one year high of $24.42. The business’s 50-day moving average is $21.94.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.22). The company had revenue of $279.75 million during the quarter, compared to the consensus estimate of $265.51 million. Brixmor Property Group had a net margin of 10.83% and a return on equity of 4.42%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. Equities analysts expect that Brixmor Property Group Inc. will post 1.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Tuesday, July 6th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, July 2nd. This represents a $0.86 annualized dividend and a dividend yield of 3.57%. Brixmor Property Group’s dividend payout ratio is presently 58.50%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Inspire Advisors LLC bought a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $28,000. Eaton Vance Management bought a new position in shares of Brixmor Property Group during the first quarter worth approximately $39,000. Gryphon Financial Partners LLC bought a new position in shares of Brixmor Property Group during the first quarter worth approximately $44,000. Acadian Asset Management LLC bought a new position in shares of Brixmor Property Group during the first quarter worth approximately $55,000. Finally, TD Ameritrade Investment Management LLC bought a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $78,000. 95.90% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on BRX shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Brixmor Property Group from $22.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday. Truist upped their target price on shares of Brixmor Property Group from $17.00 to $20.00 in a report on Friday, March 5th. KeyCorp upped their target price on shares of Brixmor Property Group from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, May 27th. Mizuho upped their target price on shares of Brixmor Property Group from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 23rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 target price (up from $20.00) on shares of Brixmor Property Group in a report on Monday, March 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.42.

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 395 retail centers comprise approximately 69 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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