OVERSEA CHINESE BANKING Corp Ltd Trims Holdings in Brixmor Property Group Inc. (NYSE:BRX)

OVERSEA CHINESE BANKING Corp Ltd cut its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 40.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,165 shares of the real estate investment trust's stock after selling 79,660 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Brixmor Property Group were worth $3,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BRX. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $26,000. Quarry LP raised its stake in shares of Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares during the period. Blue Trust Inc. raised its stake in shares of Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 709 shares during the period. Steward Partners Investment Advisory LLC grew its holdings 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 purchasing an additional 885 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $71,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 0.7%

Shares of Brixmor Property Group stock traded down $0.19 during trading hours on Friday, hitting $25.56. The company had a trading volume of 921,960 shares, compared to its average volume of 2,290,675. The company's 50-day moving average is $25.64 and its two-hundred day moving average is $25.97. Brixmor Property Group Inc. has a twelve month low of $22.29 and a twelve month high of $30.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $7.82 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its 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. 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 during the quarter, compared to analysts' expectations of $329.81 million. During the same quarter in the prior year, the business posted $0.54 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

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

Wall Street Analyst Weigh In

BRX has been the subject of a number of research reports. UBS Group initiated coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective for the company. The Goldman Sachs Group dropped 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 report on Thursday, May 1st. 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 report on Monday, May 12th. 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 report on Thursday. Finally, Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average 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.