Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Brixmor Property Group Inc. by 5.5%, owning 210,889 shares valued at approximately $5.60 million as of the latest SEC filing.
• Brixmor Property Group recently reported a quarterly earnings per share (EPS) of $0.56, exceeding analyst expectations and showing a 7.5% increase in revenue compared to last year.
• The company announced a quarterly dividend of $0.2875, resulting in an annualized yield of 4.5%, with a payout ratio of 104.55%.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,889 shares of the real estate investment trust's stock after acquiring an additional 11,006 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Brixmor Property Group worth $5,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. LPL Financial LLC grew its position in Brixmor Property Group by 83.8% in the fourth quarter. LPL Financial LLC now owns 73,673 shares of the real estate investment trust's stock worth $2,051,000 after acquiring an additional 33,580 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Brixmor Property Group by 17.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 396,408 shares of the real estate investment trust's stock worth $11,036,000 after purchasing an additional 58,275 shares during the last quarter. Bank of Montreal Can lifted its stake in Brixmor Property Group by 5.4% in the fourth quarter. Bank of Montreal Can now owns 99,262 shares of the real estate investment trust's stock worth $2,763,000 after purchasing an additional 5,124 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Brixmor Property Group by 47.0% in the fourth quarter. Renaissance Technologies LLC now owns 485,900 shares of the real estate investment trust's stock worth $13,527,000 after purchasing an additional 155,400 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Brixmor Property Group in the fourth quarter worth about $5,549,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 0.2%

BRX stock traded up $0.06 during trading on Friday, hitting $26.44. 1,236,140 shares of the company's stock traded hands, compared to its average volume of 2,309,135. The firm has a market capitalization of $8.09 billion, a P/E ratio of 24.04, a PEG ratio of 2.73 and a beta of 1.29. The business has a fifty day simple moving average of $25.90 and a two-hundred day simple moving average of $25.89. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, July 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 company had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. Brixmor Property Group's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.3%. Brixmor Property Group's dividend payout ratio (DPR) is 104.55%.

Wall Street Analyst Weigh In

BRX has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective 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. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Scotiabank decreased 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 note on Monday, May 12th. Mizuho raised 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 note on Thursday, July 17th. Finally, UBS Group started coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target for the company. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.08.

Brixmor Property Group 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.