BROOKFIELD Corp ON Has $34.46 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

BROOKFIELD Corp ON cut its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,237,861 shares of the real estate investment trust's stock after selling 127,931 shares during the period. BROOKFIELD Corp ON owned 0.41% of Brixmor Property Group worth $34,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of BRX. V Square Quantitative Management LLC bought a new position in Brixmor Property Group in the 4th quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Brixmor Property Group by 124.9% during the fourth 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 during the period. UMB Bank n.a. boosted its holdings in Brixmor Property Group by 73.5% in the fourth 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 last quarter. Finally, Quarry LP boosted its holdings in Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BRX shares. The Goldman Sachs Group dropped their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Scotiabank cut their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Stifel Nicolaus decreased their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Mizuho lowered their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Stock Performance

NYSE BRX traded up $0.06 during trading on Friday, reaching $25.17. The company's stock had a trading volume of 1,594,488 shares, compared to its average volume of 2,187,687. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67. The firm has a 50 day moving average price of $25.47 and a 200 day moving average price of $26.99. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. 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 issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is presently 109.52%.

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.