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

M&T Bank Corp trimmed its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 50.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,784 shares of the real estate investment trust's stock after selling 84,144 shares during the period. M&T Bank Corp's holdings in Brixmor Property Group were worth $2,225,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BRX. Envestnet Asset Management Inc. lifted its holdings in shares of Brixmor Property Group by 23.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 488,776 shares of the real estate investment trust's stock worth $12,977,000 after acquiring an additional 92,368 shares during the last quarter. Chilton Capital Management LLC boosted its position in Brixmor Property Group by 0.6% in the 1st quarter. Chilton Capital Management LLC now owns 482,267 shares of the real estate investment trust's stock valued at $12,804,000 after buying an additional 3,027 shares during the period. Principal Financial Group Inc. boosted its position in Brixmor Property Group by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock valued at $18,679,000 after buying an additional 11,040 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Brixmor Property Group by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 62,135 shares of the real estate investment trust's stock valued at $1,650,000 after buying an additional 700 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in shares of Brixmor Property Group by 68.8% in the 1st quarter. Summit Trail Advisors LLC now owns 12,198 shares of the real estate investment trust's stock worth $324,000 after purchasing an additional 4,971 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

NYSE BRX traded down $0.66 during trading on Tuesday, reaching $25.28. The company's stock had a trading volume of 2,003,057 shares, compared to its average volume of 2,288,280. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 2.68 and a beta of 1.23. Brixmor Property Group Inc. has a twelve month low of $22.29 and a twelve month high of $30.67. The business's fifty day moving average price is $25.61 and its 200-day moving average price is $26.00.

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, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The business had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same period in the previous year, the business posted $0.54 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.55%. Brixmor Property Group's payout ratio is currently 109.52%.

Analyst Ratings Changes

BRX has been the subject of several research reports. UBS Group assumed coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Scotiabank lowered their price target on shares of 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. The Goldman Sachs Group lowered 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 report on Thursday, May 1st. Finally, Wells Fargo & Company decreased their price objective 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. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.