Brixmor Property Group Inc. (NYSE:BRX) Insider Steven F. Siegel Sells 25,000 Shares

Brixmor Property Group Inc. (NYSE:BRX) insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Brixmor Property Group Stock Up 0.3 %

NYSE:BRX opened at $29.83 on Monday. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $29.99. The company has a market capitalization of $9.01 billion, a PE ratio of 27.62, a P/E/G ratio of 4.05 and a beta of 1.57. The firm’s 50-day moving average price is $28.01 and its 200-day moving average price is $25.50. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last posted its quarterly 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). The company had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $0.287 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s payout ratio is presently 100.93%.

Institutional Trading of Brixmor Property Group

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 723 shares during the last quarter. Quarry LP increased its stake in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,007 shares during the period. Maryland Capital Advisors Inc. purchased a new position in Brixmor Property Group during the third quarter valued at approximately $46,000. Finally, Abich Financial Wealth Management LLC increased its stake in Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 775 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BRX. Wells Fargo & Company upped their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Mizuho upped their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Truist Financial boosted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. KeyCorp increased their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Evercore ISI boosted their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

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 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.