Brixmor Property Group Inc (NYSE:BRX) Director Gabrielle Greene-Sulzberger acquired 750 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $15.52 per share, for a total transaction of $11,640.00. Following the purchase, the director now directly owns 17,161 shares in the company, valued at approximately $266,338.72. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Brixmor Property Group Inc (NYSE BRX) traded down $0.16 on Tuesday, hitting $15.54. The company’s stock had a trading volume of 3,600,000 shares, compared to its average volume of 4,700,000. Brixmor Property Group Inc has a 1 year low of $13.74 and a 1 year high of $22.19. The firm has a market cap of $4,780.00, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.38. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.65 and a quick ratio of 0.65.
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. research analysts expect that Brixmor Property Group Inc will post 2 EPS for the current year.
Brixmor Property Group announced that its board has initiated a share repurchase plan on Tuesday, December 5th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Several brokerages recently commented on BRX. SunTrust Banks set a $19.00 price objective on Brixmor Property Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus dropped their price objective 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. Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, February 14th. Finally, 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, February 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.40.
Large investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Brixmor Property Group in the third quarter valued at about $100,000. CIBC Asset Management Inc acquired a new stake in shares of Brixmor Property Group in the third quarter valued at about $191,000. IFM Investors Pty Ltd acquired a new stake in shares of Brixmor Property Group in the third quarter valued at about $197,000. Meeder Asset Management Inc. increased its position in shares of Brixmor Property Group by 53.2% in 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 during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Brixmor Property Group by 244.2% in 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 during the last quarter. 99.72% of the stock is currently owned by institutional investors and hedge funds.
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.
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