Massachusetts Financial Services Co. MA Has $348.72 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Massachusetts Financial Services Co. MA boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,985,745 shares of the real estate investment trust's stock after buying an additional 2,067,135 shares during the period. Massachusetts Financial Services Co. MA owned about 4.99% of Brixmor Property Group worth $348,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Brixmor Property Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 45,760,884 shares of the real estate investment trust's stock valued at $950,911,000 after acquiring an additional 440,566 shares in the last quarter. Wellington Management Group LLP grew its stake in Brixmor Property Group by 9.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,521,686 shares of the real estate investment trust's stock valued at $218,641,000 after acquiring an additional 929,966 shares in the last quarter. Invesco Ltd. grew its stake in Brixmor Property Group by 22.8% during the 3rd quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust's stock valued at $144,004,000 after acquiring an additional 1,288,656 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Brixmor Property Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,713,236 shares of the real estate investment trust's stock valued at $109,677,000 after acquiring an additional 123,284 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in Brixmor Property Group by 7.9% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 4,395,048 shares of the real estate investment trust's stock valued at $102,273,000 after acquiring an additional 322,975 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BRX. Mizuho reaffirmed a "neutral" rating and set a $24.00 target price (up previously from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. JPMorgan Chase & Co. lowered their price target on Brixmor Property Group from $27.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday. Truist Financial reissued a "buy" rating and issued a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a research note on Tuesday, January 30th. They issued a "buy" rating and a $27.00 price target for the company. Finally, Stifel Nicolaus boosted their price target on Brixmor Property Group from $22.75 to $24.00 and gave the company a "hold" rating in a research note on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.13.

Insider Transactions at Brixmor Property Group

In other news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the sale, the director now owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael B. Berman sold 10,475 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the transaction, the director now owns 40,556 shares in the company, valued at $925,487.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian T. Finnegan sold 7,500 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the transaction, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.

Brixmor Property Group Stock Performance

Shares of BRX stock traded up $0.12 during trading hours on Tuesday, reaching $22.18. 2,806,319 shares of the company's stock were exchanged, compared to its average volume of 2,593,996. Brixmor Property Group Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $24.47. The stock has a market capitalization of $6.68 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.66 and a beta of 1.53. The business has a fifty day moving average price of $22.23 and a 200-day moving average price of $22.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.22). The business had revenue of $320.24 million for the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Analysts predict that Brixmor Property Group Inc. will post 2.09 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Monday, July 1st. Brixmor Property Group's dividend payout ratio (DPR) is 117.21%.

Brixmor Property Group Company Profile

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.