M&T Bank Corp Trims Holdings in Brixmor Property Group Inc. (NYSE:BRX)

M&T Bank Corp reduced its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 50.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,784 shares of the real estate investment trust's stock after selling 84,144 shares during the quarter. M&T Bank Corp's holdings in Brixmor Property Group were worth $2,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcend Capital Advisors LLC purchased a new position in shares of Brixmor Property Group during the 1st quarter valued at approximately $356,000. Fifth Third Bancorp boosted its stake in shares of Brixmor Property Group by 54.6% during the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after buying an additional 1,628 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Brixmor Property Group by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 861 shares in the last quarter. Tower View Wealth Management LLC acquired a new stake in shares of Brixmor Property Group during the 1st quarter valued at approximately $328,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Brixmor Property Group by 20.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 261,431 shares of the real estate investment trust's stock valued at $6,941,000 after acquiring an additional 44,068 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BRX shares. Wells Fargo & Company dropped their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Scotiabank dropped their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. UBS Group started coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price target on 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $30.30.

Brixmor Property Group Trading Up 0.9%

NYSE:BRX opened at $25.84 on Friday. Brixmor Property Group Inc. has a 1 year low of $22.29 and a 1 year high of $30.67. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.66 and a beta of 1.23. The business has a fifty day moving average of $25.61 and a 200-day moving average of $26.03. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The company had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.45%. Brixmor Property Group's payout ratio is 109.52%.

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.

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