Insider Selling: Brixmor Property Group Inc. (NYSE:BRX) Insider Sells 5,000 Shares of Stock

Brixmor Property Group Inc. (NYSE:BRX) insider Carolyn Carter Singh sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $24.00, for a total value of $120,000.00. Following the sale, the insider now owns 228,768 shares in the company, valued at $5,490,432. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Carolyn Carter Singh also recently made the following trade(s):

  • On Monday, April 26th, Carolyn Carter Singh sold 5,000 shares of Brixmor Property Group stock. The stock was sold at an average price of $22.00, for a total value of $110,000.00.
  • On Friday, April 9th, Carolyn Carter Singh sold 10,000 shares of Brixmor Property Group stock. The stock was sold at an average price of $20.64, for a total value of $206,400.00.

Shares of BRX stock traded down $0.18 during mid-day trading on Thursday, hitting $24.11. 1,617,996 shares of the stock traded hands, compared to its average volume of 2,302,564. Brixmor Property Group Inc. has a twelve month low of $10.58 and a twelve month high of $24.42. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 63.69, a price-to-earnings-growth ratio of 1.64 and a beta of 1.71. The stock’s 50-day simple moving average is $21.94. 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 (NYSE:BRX) last issued its quarterly earnings results on Sunday, May 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.22). Brixmor Property Group had a net margin of 10.83% and a return on equity of 4.42%. The firm had revenue of $279.75 million for the quarter, compared to analyst estimates of $265.51 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts forecast that Brixmor Property Group Inc. will post 1.68 earnings per share for the current year.

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

A number of analysts have recently weighed in on BRX shares. KeyCorp increased their price target on Brixmor Property Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, May 27th. Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 14th. Truist increased their price target on Brixmor Property Group from $17.00 to $20.00 in a research report on Friday, March 5th. Mizuho raised their target price on Brixmor Property Group from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Brixmor Property Group from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $17.42.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Brixmor Property Group by 5.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 442,982 shares of the real estate investment trust’s stock worth $7,331,000 after acquiring an additional 21,545 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Brixmor Property Group by 6.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 74,563 shares of the real estate investment trust’s stock worth $1,508,000 after acquiring an additional 4,500 shares in the last quarter. Redpoint Investment Management Pty Ltd boosted its stake in shares of Brixmor Property Group by 6.2% during the 1st quarter. Redpoint Investment Management Pty Ltd now owns 23,237 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 1,362 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Brixmor Property Group by 4.5% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 103,313 shares of the real estate investment trust’s stock worth $2,090,000 after acquiring an additional 4,446 shares in the last quarter. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Brixmor Property Group during the 1st quarter worth $5,861,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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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