Get An Even Better Deal On BRX Than Director Crosland Did

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 23, Brixmor Property Group Inc's Director, Sheryl Maxwell Crosland, invested $24,215.70 into 1,590 shares of BRX, for a cost per share of $15.23. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Brixmor Property Group Inc (Symbol: BRX) and achieve a cost basis 1.6% cheaper than Crosland, with shares changing hands as low as $14.99 per share. Brixmor Property Group Inc shares are currently trading down about 1.4% on the day. The chart below shows the one year performance of BRX shares, versus its 200 day moving average:

Brixmor Property Group Inc Chart

Looking at the chart above, BRX's low point in its 52 week range is $13.74 per share, with $20.59 as the 52 week high point - that compares with a last trade of $14.99. By comparison, below is a table showing the prices at which BRX insider buying was recorded over the last six months:

12/06/2017Gabrielle Greene-sulzbergerDirector1,411$17.71$24,988.81
02/14/2018Mark HorganEVP, Chief Investment Officer4,500$14.94$67,230.00
03/09/2018Gabrielle Greene-sulzbergerDirector750$15.52$11,640.00
03/13/2018James M. Taylor Jr.President & CEO7,500$15.55$116,625.00
05/04/2018James M. Taylor Jr.President & CEO11,500$14.65$168,475.00
05/09/2018John SchreiberDirector10,000$14.64$146,400.00
05/23/2018Sheryl Maxwell CroslandDirector1,590$15.23$24,215.70

The current annualized dividend paid by Brixmor Property Group Inc is $1.1/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 07/05/2018. Below is a long-term dividend history chart for BRX, which can be of good help in judging whether the most recent dividend with approx. 7.2% annualized yield is likely to continue.


Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Options
Referenced Symbols: BRX

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