Massachusetts Financial Services Co. MA Has $210.99 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Massachusetts Financial Services Co. MA lessened its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,947,050 shares of the real estate investment trust's stock after selling 45,550 shares during the period. Massachusetts Financial Services Co. MA owned about 2.60% of Brixmor Property Group worth $210,994,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Brixmor Property Group by 54.5% in the fourth 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. Proficio Capital Partners LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at about $620,000. Raymond James Financial Inc. acquired a new stake in Brixmor Property Group in the 4th quarter valued at about $5,549,000. EverSource Wealth Advisors LLC raised its stake in shares of Brixmor Property Group by 10,846.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,911 shares of the real estate investment trust's stock worth $165,000 after acquiring an additional 5,857 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Brixmor Property Group by 0.8% during the fourth quarter. Swiss National Bank now owns 592,700 shares of the real estate investment trust's stock worth $16,501,000 after purchasing an additional 4,600 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BRX. Scotiabank dropped their price objective on shares of 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. UBS Group initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. The Goldman Sachs Group lowered their price target on 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. Wells Fargo & Company cut their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.30.

Brixmor Property Group Stock Down 0.8%

Shares of BRX traded down $0.21 during mid-day trading on Friday, hitting $25.53. 2,290,273 shares of the company's stock were exchanged, compared to its average volume of 2,300,608. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75. Brixmor Property Group Inc. has a 52 week low of $22.29 and a 52 week high of $30.67. The company has a market cap of $7.81 billion, a PE ratio of 24.31, a P/E/G ratio of 2.67 and a beta of 1.23. The company has a 50-day simple moving average of $25.65 and a 200 day simple moving average of $25.96.

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, beating the consensus estimate of $0.55 by $0.01. The firm 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 company's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd were paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.50%. Brixmor Property Group's dividend 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.