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

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.1% during the first quarter, HoldingsChannel reports. The firm owned 333,382 shares of the real estate investment trust’s stock after purchasing an additional 6,944 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Brixmor Property Group were worth $8,851,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 405 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 521 shares in the last quarter. Ascent Group LLC lifted its position in shares of Brixmor Property Group by 6.0% during the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 521 shares in the last quarter. Quarry LP raised its holdings in Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 533 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in Brixmor Property Group by 7.0% in the fourth quarter. Point72 Hong Kong Ltd now owns 10,367 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 677 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 0.6%

Shares of NYSE:BRX opened at $26.01 on Friday. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.69 and a beta of 1.23. Brixmor Property Group Inc. has a 1-year low of $22.29 and a 1-year high of $30.67. The company’s fifty day moving average is $25.58 and its two-hundred day moving average is $26.11. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The business had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 109.52%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BRX shares. Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. UBS Group started coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a “buy” rating and a $29.00 price target on the stock. Wells Fargo & Company cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group cut their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.30.

About Brixmor Property Group

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.