Brixmor Property Group Inc (NYSE:BRX) Director Gabrielle Greene-Sulzberger purchased 750 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $15.52 per share, for a total transaction of $11,640.00. Following the completion of the purchase, the director now directly owns 17,161 shares of the company’s stock, valued at approximately $266,338.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of BRX stock opened at $15.04 on Friday. The company has a market capitalization of $4,686.35, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.95. Brixmor Property Group Inc has a fifty-two week low of $13.74 and a fifty-two week high of $22.02.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.27). The business had revenue of $320.06 million during the quarter, compared to the consensus estimate of $312.97 million. Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. research analysts anticipate that Brixmor Property Group Inc will post 2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $1.10 dividend on an annualized basis and a yield of 7.31%. Brixmor Property Group’s payout ratio is currently 52.63%.
A number of research firms recently commented on BRX. SunTrust Banks set a $18.00 price objective on Brixmor Property Group and gave the stock a “buy” rating in a research note on Friday, March 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Brixmor Property Group in a research note on Friday, February 23rd. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating in a research note on Thursday, February 22nd. Citigroup cut their price objective on Brixmor Property Group from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Finally, JPMorgan Chase reaffirmed an “overweight” rating and issued a $20.00 price objective (down from $21.00) on shares of Brixmor Property Group in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.40.
A number of hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $100,000. CIBC Asset Management Inc bought a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $191,000. IFM Investors Pty Ltd bought a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $197,000. Meeder Asset Management Inc. increased its holdings in shares of Brixmor Property Group by 53.2% during the fourth quarter. Meeder Asset Management Inc. now owns 12,172 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 4,225 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Brixmor Property Group by 244.2% during the third quarter. Toronto Dominion Bank now owns 12,877 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 9,136 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.
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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.
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