Published on 9 Mar 2024 on GuruFocus.com via Yahoo Finance
Director Michael Berman Sells Shares of Brixmor Property Group Inc (BRX)
Director Michael Berman has executed a sale of 10,475 shares of Brixmor Property Group Inc (NYSE:BRX) on March 6, 2024, according to a recent SEC filing. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.Brixmor Property Group Inc is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its properties are strategically located in established trade areas and are primarily anchored by non-discretionary and value-oriented retailers.Michael Bermans recent transaction reflects a continuation of the insider's trading activities over the past year, during which the insider sold a total of 10,475 shares and made no purchases.The insider transaction history for Brixmor Property Group Inc shows a pattern of insider sales over the past year, with 6 insider sells and no insider buys recorded.
On the valuation front, Brixmor Property Group Inc shares were trading at $22.82 on the day of the insider's sale, giving the company a market capitalization of $6.854 billion. The price-earnings ratio stood at 22.52, above both the industry median of 16.88 and the company's historical median price-earnings ratio.With the current share price and a GuruFocus Value of $23.67, Brixmor Property Group Inc has a price-to-GF-Value ratio of 0.96, indicating that the stock is Fairly Valued according to GuruFocus's intrinsic value estimate.