Brixmor Property Group Inc (BRX) EVP Buys $67,230.00 in Stock

Brixmor Property Group Inc (BRX) EVP Buys $67,230.00 in Stock

Brixmor Property Group Inc (NYSE:BRX) EVP Mark Horgan acquired 4,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $14.94 per share, with a total value of $67,230.00. Following the acquisition, the executive vice president now directly owns 62,769 shares in the company, valued at $937,768.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brixmor Property Group Inc (BRX) opened at $15.85 on Friday. Brixmor Property Group Inc has a 1-year low of $13.74 and a 1-year high of $23.85. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $4,829.56, a PE ratio of 16.17, a P/E/G ratio of 1.97 and a beta of 0.35.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.27). Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The business had revenue of $320.06 million for the quarter, compared to the consensus estimate of $312.97 million. During the same quarter in the previous year, the business posted $0.53 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. analysts forecast that Brixmor Property Group Inc will post 2 EPS for the current fiscal year.

Brixmor Property Group declared that its board has approved a share repurchase program on Tuesday, December 5th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, April 5th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date is Wednesday, April 4th. Brixmor Property Group’s payout ratio is currently 112.24%.

Institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. bought a new position in Brixmor Property Group during the third quarter worth about $100,000. Meeder Asset Management Inc. grew its holdings in Brixmor Property Group by 621.1% during the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 6,845 shares during the period. PNC Financial Services Group Inc. grew its holdings in Brixmor Property Group by 159.5% during the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,203 shares during the period. CIBC Asset Management Inc bought a new position in Brixmor Property Group during the third quarter worth about $191,000. Finally, IFM Investors Pty Ltd bought a new position in Brixmor Property Group during the third quarter worth about $197,000. Institutional investors and hedge funds own 98.98% of the company’s stock.

Several brokerages have recently weighed in on BRX. Citigroup upgraded Brixmor Property Group to an “overweight” rating and raised their price objective for the company from $19.00 to $21.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Boenning Scattergood restated a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a report on Tuesday, November 21st. Mizuho restated a “buy” rating and issued a $19.50 price objective on shares of Brixmor Property Group in a report on Friday, November 10th. Finally, BMO Capital Markets set a $19.00 price objective on Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.22.

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About Brixmor Property Group

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

Insider Buying and Selling by Quarter for Brixmor Property Group (NYSE:BRX)

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Brixmor Property Group Inc (NYSE:BRX) EVP Mark Horgan acquired 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average cost of $14.94 per share, for a total transaction of $67,230.00. Following the purchase, the executive vice president now directly owns 62,769 shares in the company, valued at approximately $937,768.86. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Brixmor Property Group Inc (BRX) opened at $15.85 on Friday. Brixmor Property Group Inc has a 12 month low of $13.74 and a 12 month high of $23.85. The stock has a market capitalization of $4,829.56, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.97 and a beta of 0.35. The company has a quick ratio of 0.70, a current ratio of 0.65 and a debt-to-equity ratio of 1.95.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The firm had revenue of $320.06 million during the quarter, compared to analyst estimates of $312.97 million. During the same period in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. equities research analysts forecast that Brixmor Property Group Inc will post 2 earnings per share for the current fiscal year.

Brixmor Property Group announced that its board has initiated a stock buyback plan on Tuesday, December 5th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.94%. The ex-dividend date of this dividend is Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio is 112.24%.

Several brokerages recently commented on BRX. Sandler O’Neill set a $18.00 price objective on Brixmor Property Group and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday. Stifel Nicolaus dropped their price target on Brixmor Property Group from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. Finally, BMO Capital Markets set a $19.00 price target on Brixmor Property Group and gave the company a “hold” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.22.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRX. Fuller & Thaler Asset Management Inc. bought a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $100,000. Meeder Asset Management Inc. grew its holdings in shares of Brixmor Property Group by 621.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 5,203 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $191,000. Finally, IFM Investors Pty Ltd bought a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $197,000. 98.98% of the stock is currently owned by hedge funds and other institutional investors.

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Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

Insider Buying and Selling by Quarter for Brixmor Property Group (NYSE:BRX)

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