Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 9.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,957 shares of the real estate investment trust’s stock after purchasing an additional 13,163 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Brixmor Property Group were worth $2,696,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in BRX. Ronald Blue Trust Inc. acquired a new stake in Brixmor Property Group in the 2nd quarter valued at approximately $26,000. Wipfli Financial Advisors LLC acquired a new position in Brixmor Property Group during the 3rd quarter worth $42,000. Brown Brothers Harriman & Co. bought a new position in shares of Brixmor Property Group in the first quarter worth $43,000. Covestor Ltd increased its holdings in shares of Brixmor Property Group by 170.2% during the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,159 shares during the period. Finally, Charter Oak Capital Management LLC bought a new stake in shares of Brixmor Property Group during the second quarter valued at about $49,000. Institutional investors own 95.59% of the company’s stock.
Analyst Upgrades and Downgrades
BRX has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a research report on Thursday, December 15th. StockNews.com started coverage on shares of Brixmor Property Group in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays boosted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. Evercore ISI decreased their price target on Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, September 27th. Finally, Mizuho lowered their price target on Brixmor Property Group from $26.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $24.42.
Insider Transactions at Brixmor Property Group
Brixmor Property Group Trading Down 0.8 %
NYSE:BRX opened at $22.29 on Friday. The stock has a fifty day simple moving average of $22.57 and a 200 day simple moving average of $21.62. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.57 and a beta of 1.55. Brixmor Property Group Inc. has a 1-year low of $17.62 and a 1-year high of $27.19. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81.
Brixmor Property Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Wednesday, January 4th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.67%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 96.30%.
Brixmor Property Group 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 395 retail centers comprise approximately 69 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.
- Get a free copy of the StockNews.com research report on Brixmor Property Group (BRX)
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