Brixmor Property Group Inc. (NYSE:BRX) Insider Sells $738,500.00 in Stock

Brixmor Property Group Inc. (NYSE:BRX) insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brixmor Property Group Stock Up 0.3 %

Shares of BRX traded up $0.10 on Friday, hitting $29.83. 1,351,294 shares of the stock traded hands, compared to its average volume of 2,272,722. The company has a market capitalization of $9.01 billion, a PE ratio of 27.56, a P/E/G ratio of 4.05 and a beta of 1.57. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $29.99. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The business has a 50 day simple moving average of $27.97 and a 200 day simple moving average of $25.40.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same quarter last year, the firm posted $0.50 earnings per share. Brixmor Property Group’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is currently 106.48%.

Institutional Investors Weigh In On Brixmor Property Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PGGM Investments boosted its stake in shares of Brixmor Property Group by 167.2% during the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after acquiring an additional 2,353,582 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of Brixmor Property Group during the 1st quarter worth $16,964,000. Canada Pension Plan Investment Board purchased a new stake in shares of Brixmor Property Group in the 1st quarter valued at $124,978,000. Boston Partners increased its stake in Brixmor Property Group by 1,140.5% during the 1st quarter. Boston Partners now owns 545,367 shares of the real estate investment trust’s stock worth $12,774,000 after buying an additional 501,403 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in Brixmor Property Group during the 2nd quarter worth approximately $494,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on BRX shares. Wells Fargo & Company boosted their target price on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Stifel Nicolaus boosted their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Truist Financial lifted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI lifted their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group raised their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.13.

About Brixmor Property Group

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 362 retail centers comprise approximately 64 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.