Sumitomo Mitsui Trust Holdings Inc. Cuts Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Sumitomo Mitsui Trust Holdings Inc. cut its stake in Brixmor Property Group Inc. (NYSE:BRX) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 340,184 shares of the real estate investment trust’s stock after selling 12,425 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Brixmor Property Group were worth $7,977,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BRX. Quarry LP purchased a new position in Brixmor Property Group in the fourth quarter valued at about $40,000. GAMMA Investing LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at about $45,000. Mather Group LLC. purchased a new position in Brixmor Property Group in the first quarter valued at about $165,000. Kapitalo Investimentos Ltda purchased a new position in Brixmor Property Group in the fourth quarter valued at about $172,000. Finally, Hummer Financial Advisory Services Inc purchased a new position in Brixmor Property Group in the first quarter valued at about $202,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. dropped their price objective 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. Truist Financial reissued a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a research note on Monday, March 25th. The Goldman Sachs Group dropped 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 note on Wednesday, March 27th. Finally, Mizuho dropped their price objective 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $25.13.

Brixmor Property Group Stock Up 1.0 %

Shares of NYSE BRX opened at $22.76 on Thursday. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $24.47. The firm’s 50 day moving average price is $22.35 and its 200 day moving average price is $22.47. The firm has a market cap of $6.86 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 3.95 and a beta of 1.57. 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 (NYSE:BRX) last announced its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The firm 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 was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.11 earnings per share for the current year.

Brixmor Property Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.2725 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.79%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 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.