Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,562 shares of the real estate investment trust’s stock after selling 3,301 shares during the period. Mutual of America Capital Management LLC’s holdings in Brixmor Property Group were worth $4,442,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Brixmor Property Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock worth $156,473,000 after buying an additional 44,485 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after acquiring an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI lifted its position in shares of Brixmor Property Group by 44.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after acquiring an additional 959,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Brixmor Property Group by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock worth $65,900,000 after purchasing an additional 79,778 shares during the period. Finally, Captrust Financial Advisors purchased a new position in Brixmor Property Group during the 3rd quarter worth approximately $46,695,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

NYSE BRX opened at $27.34 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $8.36 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 2.66 and a beta of 1.58. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a 50 day moving average price of $26.92 and a two-hundred day moving average price of $27.67.

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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared 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. This represents a $1.15 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is 103.60%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $30.00 to $33.00 in a report on Friday, December 6th. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Scotiabank decreased their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Finally, Truist Financial raised their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.56.

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.