A Brixmor Director Trimmed His Stake. Here's What Long-Term Investors Should Know
This sale reduced a director's direct equity holdings by 23%, leaving him with 30,702 shares worth $912,770.
Overview
Michael B. Berman, a director at the company, sold 9,000 shares of Brixmor Property Group Inc. (NYSE:BRX) on August 12 for a total value of $267,300, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($29.70); post-transaction value based on the August 12 market close ($29.73).
Details
Brixmor Property Group is a large-cap REIT with a market capitalization of $9.2 billion, positioned as a leading owner and operator of open-air retail centers with a geographically diversified portfolio across the United States. The company's strategic focus on premium properties in well-established trade zones and its commitment to maintaining high-quality retail destinations provide competitive advantages in an evolving retail landscape. With TTM revenue of $1.4 billion and net income of $432.8 million, Brixmor demonstrates substantial operational scale and profitability within the retail real estate sector.
Source
Originally published at www.fool.com.