OVERSEA CHINESE BANKING Corp Ltd cut its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 40.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Brixmor Property Group during the fourth quarter worth about $26,000. Quarry LP grew its stake in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after buying an additional 533 shares in the last quarter. Blue Trust Inc. grew its stake in Brixmor Property Group by 54.4% during the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after buying an additional 709 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Brixmor Property Group by 54.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust's stock worth $70,000 after buying an additional 885 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Brixmor Property Group during the fourth quarter worth about $71,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have issued reports on BRX. The Goldman Sachs Group reduced their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group assumed coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. Scotiabank reduced 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 research note 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 target on the stock in a research note on Thursday. Finally, Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.30.
Get Our Latest Stock Analysis on Brixmor Property Group
Brixmor Property Group Trading Up 0.8%
Brixmor Property Group stock traded up $0.20 during mid-day trading on Thursday, hitting $25.74. 2,830,393 shares of the stock were exchanged, compared to its average volume of 2,294,643. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a 12 month low of $22.29 and a 12 month high of $30.67. The firm's fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $25.98. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.62 and a beta of 1.23.
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 net margin of 24.58% and a return on equity of 10.97%. The firm had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same quarter last year, the business earned $0.54 EPS. The company's revenue was up 5.4% compared to the same quarter last year. Analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.
Brixmor Property Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.47%. Brixmor Property Group's dividend payout ratio is currently 109.52%.
Brixmor Property Group Company Profile
(
Free Report)
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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