Nissay Asset Management Corp Japan ADV Has $1.18 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Nissay Asset Management Corp Japan ADV boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,741 shares of the real estate investment trust’s stock after acquiring an additional 1,243 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Brixmor Property Group were worth $1,178,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. US Bancorp DE raised its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Brixmor Property Group by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after acquiring an additional 434 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 441 shares during the period. CIBC Asset Management Inc lifted its position in shares of Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 511 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $26.57 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The firm’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $26.93.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The business had revenue of $337.51 million for the quarter, compared to analysts’ expectations of $329.81 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Brixmor Property Group’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.33%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 109.52%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BRX shares. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Scotiabank reduced their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Monday, May 12th. Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Finally, Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.40.

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.