The Manufacturers Life Insurance Company Lowers Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

The Manufacturers Life Insurance Company cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 276,934 shares of the real estate investment trust's stock after selling 16,583 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of Brixmor Property Group worth $7,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. Canada Pension Plan Investment Board lifted its position in Brixmor Property Group by 6.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after acquiring an additional 467,146 shares during the period. Invesco Ltd. boosted its holdings in shares of Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after acquiring an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Brixmor Property Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after purchasing an additional 38,911 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Brixmor Property Group by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,685,872 shares of the real estate investment trust's stock valued at $130,452,000 after purchasing an additional 38,427 shares during the period. Finally, Norges Bank purchased a new stake in Brixmor Property Group in the fourth quarter valued at $110,205,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Scotiabank cut 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. The Goldman Sachs Group decreased 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 report on Thursday, May 1st. Finally, Mizuho decreased their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.40.

Brixmor Property Group Stock Up 4.1%

NYSE:BRX traded up $1.02 during trading hours on Monday, hitting $26.19. The company's stock had a trading volume of 179,793 shares, compared to its average volume of 2,184,409. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The stock has a market capitalization of $8.02 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The stock has a fifty day moving average of $25.47 and a 200-day moving average of $26.98.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.39%. Brixmor Property Group's payout ratio is 109.52%.

About Brixmor Property Group

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.