Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,947,050 shares of the real estate investment trust's stock after selling 45,550 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.60% of Brixmor Property Group worth $210,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at about $26,000. Quarry LP increased its position in shares of 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 buying an additional 533 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after buying an additional 709 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Brixmor Property Group by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 885 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 1.0%

NYSE:BRX traded up $0.26 on Wednesday, reaching $25.53. 2,643,869 shares of the company's stock were exchanged, compared to its average volume of 2,291,001. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.23. Brixmor Property Group Inc. has a 52-week low of $22.29 and a 52-week high of $30.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The business has a fifty day moving average of $25.63 and a 200-day moving average of $25.99.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its 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 company had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. As a group, analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.50%. Brixmor Property Group's dividend payout ratio (DPR) is 109.52%.

Analyst Upgrades and Downgrades

BRX has been the subject of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. UBS Group began coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Scotiabank lowered their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $30.30.

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.