Sumitomo Mitsui Trust Group Inc. Trims Position in Brixmor Property Group Inc. (NYSE:BRX)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 330,332 shares of the real estate investment trust’s stock after selling 1,140 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.11% of Brixmor Property Group worth $9,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its stake 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 acquiring an additional 723 shares during the period. Blue Trust Inc. increased its stake in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,007 shares during the period. Maryland Capital Advisors Inc. acquired a new position in shares of Brixmor Property Group during the third quarter worth about $46,000. Abich Financial Wealth Management LLC increased its stake in shares of Brixmor Property Group by 50.7% during the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 775 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of BRX opened at $28.83 on Monday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.93 and a beta of 1.57. The company’s 50 day simple moving average is $27.80 and its 200 day simple moving average is $25.24. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $29.19.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.21). The firm had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. On average, sell-side analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.98%. Brixmor Property Group’s dividend payout ratio is presently 106.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BRX. The Goldman Sachs Group boosted their price target on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Compass Point upped their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Mizuho upped their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.13.

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.