Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 548,437 shares of the real estate investment trust’s stock after selling 3,907 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Brixmor Property Group were worth $15,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Captrust Financial Advisors purchased a new position in Brixmor Property Group in the third quarter valued at about $46,695,000. Brookfield Corp ON purchased a new position in shares of Brixmor Property Group during the 3rd quarter valued at approximately $38,051,000. Zurich Insurance Group Ltd FI grew its position in shares of Brixmor Property Group by 44.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock worth $86,499,000 after buying an additional 959,000 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Brixmor Property Group during the third quarter worth approximately $25,492,000. Finally, FMR LLC increased its stake in shares of Brixmor Property Group by 136.8% in the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock worth $29,773,000 after buying an additional 617,341 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 0.7 %

Brixmor Property Group stock opened at $26.09 on Friday. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.66 and a beta of 1.59. The company’s 50-day moving average price is $26.62 and its two-hundred day moving average price is $27.55. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.41%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Analysts Set New Price Targets

Several brokerages have weighed in on BRX. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Scotiabank cut their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.