Sumitomo Mitsui Trust Group Inc. Sells 3,894 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 326,438 shares of the real estate investment trust’s stock after selling 3,894 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Brixmor Property Group were worth $9,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRX. UMB Bank n.a. boosted its position in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 723 shares in the last quarter. Quarry LP raised its holdings in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares during the period. Maryland Capital Advisors Inc. acquired a new stake in shares of Brixmor Property Group during the third quarter worth $46,000. Blue Trust Inc. raised its holdings in shares of Brixmor Property Group by 103.7% during the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,448 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Brixmor Property Group during the third quarter worth $136,000. 98.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report on Tuesday. Mizuho raised their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $30.69.

Brixmor Property Group Stock Up 1.3 %

Shares of BRX stock opened at $27.56 on Thursday. The firm has a market capitalization of $8.32 billion, a P/E ratio of 25.52, a PEG ratio of 2.54 and a beta of 1.58. The firm’s fifty day moving average price is $27.18 and its two-hundred day moving average price is $27.44. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.17%. Brixmor Property Group’s payout ratio is currently 106.48%.

Insider Transactions at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.76% of the stock is owned by company insiders.

Brixmor Property Group Profile

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