Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 36.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 913,256 shares of the real estate investment trust’s stock after selling 529,048 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.30% of Brixmor Property Group worth $20,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BRX. SG Americas Securities LLC boosted its stake in shares of Brixmor Property Group by 48.3% in the fourth quarter. SG Americas Securities LLC now owns 63,343 shares of the real estate investment trust’s stock valued at $1,474,000 after purchasing an additional 20,641 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Brixmor Property Group by 117.9% in the fourth quarter. Pacer Advisors Inc. now owns 55,006 shares of the real estate investment trust’s stock valued at $1,280,000 after purchasing an additional 29,758 shares during the period. Chilton Capital Management LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $7,510,000. Oak Thistle LLC boosted its stake in shares of Brixmor Property Group by 51.8% in the fourth quarter. Oak Thistle LLC now owns 55,853 shares of the real estate investment trust’s stock valued at $1,300,000 after purchasing an additional 19,070 shares during the period. Finally, Vanderbilt University purchased a new position in Brixmor Property Group in the fourth quarter worth approximately $265,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BRX shares. Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 28th. Mizuho decreased their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. The Goldman Sachs Group decreased their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. StockNews.com upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.13.

Insider Activity

In other news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Down 0.2 %

BRX stock traded down $0.05 during midday trading on Friday, reaching $24.37. 1,060,554 shares of the company were exchanged, compared to its average volume of 1,712,831. 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 Inc. has a 1-year low of $19.46 and a 1-year high of $24.77. The stock’s 50-day simple moving average is $22.60 and its 200 day simple moving average is $22.50. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 4.26 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The company had revenue of $320.24 million for the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.11 earnings per share for the current year.

Brixmor Property Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd were issued a $0.2725 dividend. The ex-dividend date was Tuesday, July 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.47%. Brixmor Property Group’s payout ratio is 117.21%.

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.