OVERSEA CHINESE BANKING Corp Ltd Has $3.08 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd has reduced its holdings in Brixmor Property Group by 40.7%, owning 116,165 shares valued at approximately $3.08 million after selling 79,660 shares.
• Brixmor Property Group recently reported $0.56 earnings per share for the last quarter, exceeding analysts' expectations and reflecting a 7.5% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.2875 per share, representing a 4.5% dividend yield, set to be paid on October 15th.

OVERSEA CHINESE BANKING Corp Ltd cut its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 40.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,165 shares of the real estate investment trust's stock after selling 79,660 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Brixmor Property Group were worth $3,084,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of Brixmor Property Group by 96.2% during the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after purchasing an additional 2,388,264 shares during the period. Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 61.1% during the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after purchasing an additional 2,180,541 shares during the period. Deutsche Bank AG increased its holdings in shares of Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock valued at $163,778,000 after purchasing an additional 1,404,034 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Brixmor Property Group during the first quarter valued at $34,702,000. Finally, Clark Capital Management Group Inc. increased its holdings in shares of Brixmor Property Group by 406.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after purchasing an additional 1,216,548 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. UBS Group initiated coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Mizuho raised Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price on the stock in a report on Thursday, July 17th. Scotiabank lowered their target price on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Finally, Stifel Nicolaus lowered their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.08.

Brixmor Property Group Trading Up 0.0%

NYSE BRX traded up $0.01 on Tuesday, hitting $25.92. 111,446 shares of the company were exchanged, compared to its average volume of 2,424,822. The company's 50 day moving average price is $25.72 and its 200-day moving average price is $25.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $7.93 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same period in the previous year, the company posted $0.54 EPS. The company's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.4%. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

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.