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Julie Bowerman, a director at Brixmor Property Group Inc. (NYSE:BRX), recently sold 13,200 shares of the company’s common stock. The shares were sold at an average price of $27.4948 each, totaling approximately $362,931. According to InvestingPro data, BRX currently trades at $27.96, with a market capitalization of $8.5 billion and maintains a "GOOD" Financial Health score. This transaction leaves Bowerman with 17,868 shares in the company. The sale was disclosed in a filing with the Securities and Exchange Commission, providing insights into the insider trading activities at the real estate investment trust. The company has raised its dividend for 4 consecutive years, currently offering a 4.17% yield. InvestingPro subscribers can access 12+ additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, Brixmor Property Group reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.27 compared to the forecasted $0.23. The company also reported revenue of $328.44 million, slightly exceeding the anticipated $327.76 million. Jefferies analyst Linda Tsai upgraded Brixmor’s stock rating from Hold to Buy, with a new price target of $33.00, citing strong same-store net operating income guidance for 2025. Tsai noted Brixmor’s funds from operations (FFO) growth estimate for fiscal year 2025 is projected at 6.1%, outpacing the strip sector’s average guidance of 3.9%.
Brixmor’s performance momentum has been robust, with a total shareholder return of 24% in 2024, and the company demonstrated strong leasing momentum in grocery-anchored centers. Despite concerns about increased bad debt and Chapter 11 tenant exposure, Brixmor and other retail real estate investment trusts (REITs) provided fiscal year 2025 earnings guidance that exceeded expectations. The company reported a NAREIT FFO of $0.53 per share for the quarter, contributing to a full-year FFO of $2.13 per share, a 5% increase from the prior year.
Looking ahead, Brixmor has provided a 2025 NAREIT FFO guidance range of $2.19 to $2.24 per share, suggesting a 4% growth at the midpoint. The company plans to focus on value-add acquisitions and redevelopments, targeting $150-200 million in annual reinvestments. CEO Jim Taylor expressed confidence in Brixmor’s ability to thrive in the current market environment, and President and COO Brian Finnegan noted consumer resilience as a positive factor.
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