MetLife Investment Management LLC Buys 14,237 Shares of Brixmor Property Group Inc. (NYSE:BRX)

MetLife Investment Management LLC grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,102 shares of the real estate investment trust's stock after purchasing an additional 14,237 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Brixmor Property Group worth $4,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its stake in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 521 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter valued at $26,000. UMB Bank n.a. lifted its position in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 693 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Brixmor Property Group by 140.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Mizuho decreased their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus cut their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Scotiabank decreased their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Finally, Wells Fargo & Company lowered their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Down 0.0 %

Shares of BRX traded down $0.01 during trading hours on Wednesday, reaching $24.90. 2,677,954 shares of the stock traded hands, compared to its average volume of 2,221,627. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.66 and a beta of 1.30. The stock has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $27.11. 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 - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same quarter last year, the business posted $0.54 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.62%. Brixmor Property Group's dividend payout ratio is currently 103.60%.

About Brixmor Property Group

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.