Brixmor Property Group major shareholder Sells 34,442,500 Shares of Stock (BRX)
Brixmor Property Group (NYSE:BRX) major shareholder Group L.P. Blackstone sold 34,442,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $21.77, for a total value of $749,813,225.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Brixmor Property Group (NYSE:BRX) traded up 0.39% on Thursday, hitting $23.20. 2,839,775 shares of the company’s stock traded hands. Brixmor Property Group has a 1-year low of $19.38 and a 1-year high of $23.23. The stock has a 50-day moving average of $22.22 and a 200-day moving average of $21.41.
Brixmor Property Group (NYSE:BRX) last released its earnings data on Friday, May 9th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.38. The company had revenue of $307.69 million for the quarter, compared to the consensus estimate of $305.67 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Brixmor Property Group will post $0.37 earnings per share for the current fiscal year.
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