Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its position in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 0.6% during the third quarter, Holdings Channel.com reports. The fund owned 84,635 shares of the real estate investment trust’s stock after purchasing an additional 499 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Brixmor Property Group were worth $1,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. Ronald Blue Trust Inc. acquired a new position in shares of Brixmor Property Group during the second quarter worth about $26,000. Bessemer Group Inc. lifted its stake in shares of Brixmor Property Group by 832.8% during the third quarter. Bessemer Group Inc. now owns 1,735 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,549 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of Brixmor Property Group during the third quarter worth about $42,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Brixmor Property Group during the first quarter worth about $43,000. Finally, Covestor Ltd increased its position 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 worth $47,000 after acquiring an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $21.54 on Wednesday. Brixmor Property Group Inc. has a 12-month low of $17.62 and a 12-month high of $27.19. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.76. The company has a market cap of $6.47 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.60. The company’s fifty day moving average is $22.72 and its two-hundred day moving average is $21.80.

Brixmor Property Group (NYSE:BRX – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.14). Brixmor Property Group had a return on equity of 12.57% and a net margin of 29.08%. The company had revenue of $308.57 million during the quarter, compared to analyst estimates of $310.70 million. During the same period last year, the company posted $0.46 earnings per share. The company’s revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that Brixmor Property Group Inc. will post 2 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Tuesday, April 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Monday, April 3rd. Brixmor Property Group’s dividend payout ratio is presently 89.66%.

Wall Street Analyst Weigh In

BRX has been the subject of several research analyst reports. Barclays boosted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Wolfe Research raised Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.42.

Brixmor Property Group Company Profile

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.