Brixmor Property Group Inc. (NYSE:BRX) insider James M. Taylor, Jr. bought 15,600 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the acquisition, the insider now directly owns 224,793 shares in the company, valued at approximately $4,325,017.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Brixmor Property Group Inc. (NYSE BRX) traded down 1.29% during trading on Thursday, reaching $19.10. 13,101,218 shares of the company’s stock were exchanged. The company has a 50 day moving average of $18.93 and a 200 day moving average of $20.34. The firm has a market capitalization of $5.82 billion, a P/E ratio of 19.57 and a beta of 0.53. Brixmor Property Group Inc. has a 52-week low of $17.35 and a 52-week high of $29.14.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The business had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. During the same period last year, the business posted $0.50 EPS. Brixmor Property Group’s revenue was up 4.1% compared to the same quarter last year. Equities analysts anticipate that Brixmor Property Group Inc. will post $0.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.

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A number of hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Brixmor Property Group during the second quarter worth $493,000. Public Employees Retirement System of Ohio increased its stake in shares of Brixmor Property Group by 9.7% in the second quarter. Public Employees Retirement System of Ohio now owns 419,632 shares of the real estate investment trust’s stock worth $7,503,000 after buying an additional 36,956 shares during the period. Verition Fund Management LLC increased its stake in shares of Brixmor Property Group by 52.2% in the second quarter. Verition Fund Management LLC now owns 44,712 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 15,335 shares during the period. California State Teachers Retirement System increased its stake in shares of Brixmor Property Group by 52.7% in the second quarter. California State Teachers Retirement System now owns 598,707 shares of the real estate investment trust’s stock worth $10,705,000 after buying an additional 206,685 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Brixmor Property Group by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 20,283 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 712 shares during the period.

Several equities analysts recently weighed in on BRX shares. Mizuho upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday. Barclays PLC reduced their target price on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $23.00 target price on shares of Brixmor Property Group in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.95.

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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