Sumitomo Mitsui Trust Holdings Inc. Cuts Position in Brixmor Property Group Inc. (NYSE:BRX)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Brixmor Property Group Inc. (NYSE:BRXFree Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,184 shares of the real estate investment trust’s stock after selling 12,425 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.11% of Brixmor Property Group worth $7,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BRX. Walleye Trading LLC increased its stake in shares of Brixmor Property Group by 17.2% in the 3rd quarter. Walleye Trading LLC now owns 124,015 shares of the real estate investment trust’s stock valued at $2,577,000 after purchasing an additional 18,161 shares in the last quarter. Deutsche Bank AG boosted its holdings in Brixmor Property Group by 1,073.3% in the 3rd quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock worth $62,754,000 after buying an additional 2,762,529 shares during the last quarter. American Century Companies Inc. boosted its holdings in Brixmor Property Group by 3.1% in the 3rd quarter. American Century Companies Inc. now owns 1,177,894 shares of the real estate investment trust’s stock worth $24,477,000 after buying an additional 35,666 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Brixmor Property Group by 9.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,521,686 shares of the real estate investment trust’s stock worth $218,641,000 after buying an additional 929,966 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Brixmor Property Group by 97.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 100,313 shares of the real estate investment trust’s stock worth $2,084,000 after buying an additional 49,514 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BRX shares. StockNews.com upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Wells Fargo & Company lowered their target price on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 28th. Truist Financial restated a “buy” rating and set a $25.00 target price on shares of Brixmor Property Group in a report on Monday, March 25th. The Goldman Sachs Group lowered their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. lowered their target price on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $25.13.

Get Our Latest Analysis on Brixmor Property Group

Brixmor Property Group Trading Up 1.0 %

BRX opened at $22.76 on Thursday. Brixmor Property Group Inc. has a one year low of $19.46 and a one year high of $24.47. The stock has a market capitalization of $6.86 billion, a PE ratio of 24.47, a P/E/G ratio of 3.95 and a beta of 1.57. The business’s 50 day moving average price is $22.35 and its 200 day moving average price is $22.47. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45.

Brixmor Property Group (NYSE:BRXGet Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.11 EPS for the current year.

Brixmor Property Group Cuts Dividend

The company also recently announced 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 4.79%. The ex-dividend date is Tuesday, July 2nd. Brixmor Property Group’s payout ratio is 117.21%.

Brixmor Property Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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