Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 352,609 shares of the real estate investment trust’s stock after purchasing an additional 18,004 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.12% of Brixmor Property Group worth $8,205,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BRX. Deutsche Bank AG increased 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 valued at $62,754,000 after purchasing an additional 2,762,529 shares during the last quarter. Invesco Ltd. grew its stake in shares of Brixmor Property Group by 22.8% in the third quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust’s stock worth $144,004,000 after acquiring an additional 1,288,656 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Brixmor Property Group by 9.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,918,610 shares of the real estate investment trust’s stock worth $268,449,000 after acquiring an additional 1,130,130 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Brixmor Property Group by 9.7% in the third quarter. Wellington Management Group LLP now owns 10,521,686 shares of the real estate investment trust’s stock worth $218,641,000 after acquiring an additional 929,966 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of Brixmor Property Group by 126.8% in the third quarter. Strs Ohio now owns 1,332,975 shares of the real estate investment trust’s stock worth $27,699,000 after acquiring an additional 745,288 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX opened at $21.83 on Wednesday. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47. The stock has a market cap of $6.58 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.59 and a beta of 1.53. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a fifty day moving average price of $22.44 and a 200 day moving average price of $22.15.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The company had revenue of $316.49 million during the quarter, compared to analysts’ expectations of $311.77 million. During the same period last year, the firm earned $0.49 earnings per share. Brixmor Property Group’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.08 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were given a $0.273 dividend. The ex-dividend date was Monday, April 1st. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 dividend on an annualized basis and a yield of 5.00%. Brixmor Property Group’s payout ratio is 107.92%.

Analyst Ratings Changes

Several research firms have commented on BRX. Deutsche Bank Aktiengesellschaft began coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Mizuho reaffirmed a “neutral” rating and set a $24.00 price objective (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. The Goldman Sachs Group decreased their price objective on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, Truist Financial reaffirmed a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a research report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.38.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction on Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now directly owns 225,051 shares in the company, valued at $5,176,173. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the transaction, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction on Friday, March 8th. The shares were sold at an average price of $23.00, for a total transaction of $172,500.00. Following the completion of the transaction, the insider now owns 225,051 shares in the company, valued at $5,176,173. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

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 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.