OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 40.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 SEC filing.
Other large investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter valued at about $26,000. Quarry LP grew its stake in shares of 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 valued at $53,000 after acquiring an additional 533 shares in the last quarter. Blue Trust Inc. grew its stake in shares of 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 valued at $53,000 after acquiring an additional 709 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter valued at about $71,000. Finally, UMB Bank n.a. grew its stake in Brixmor Property Group by 66.3% in the first quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 1,085 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their price target on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Mizuho upgraded Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, July 17th. UBS Group assumed coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a “buy” rating and a $29.00 price target for the company. Scotiabank decreased their price target on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. Finally, The Goldman Sachs Group decreased their price target on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.08.
Brixmor Property Group Stock Performance
Shares of NYSE BRX opened at $25.45 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm’s 50-day moving average price is $25.69 and its two-hundred day moving average price is $25.89. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The stock has a market capitalization of $7.79 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.64 and a beta of 1.29.
Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its earnings results on Monday, July 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 25.27% and a return on equity of 11.39%. The firm had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $332.59 million. During the same quarter last year, the company posted $0.54 earnings per share. Brixmor Property Group’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group’s payout ratio is 104.55%.
Brixmor Property Group 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.
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