Massachusetts Financial Services Co. MA Decreases Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.0% in the third quarter, HoldingsChannel reports. The firm owned 8,255,180 shares of the real estate investment trust’s stock after selling 432,046 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Brixmor Property Group were worth $229,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PGGM Investments lifted its position in Brixmor Property Group by 167.2% during the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after buying an additional 2,353,582 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Brixmor Property Group in the 1st quarter valued at about $16,964,000. Boston Partners grew its position in shares of Brixmor Property Group by 1,140.5% in the 1st quarter. Boston Partners now owns 545,367 shares of the real estate investment trust’s stock worth $12,774,000 after acquiring an additional 501,403 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Brixmor Property Group during the second quarter worth $494,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Brixmor Property Group in the second quarter valued at approximately $228,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was 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 directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BRX. Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Truist Financial increased their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI lifted their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

Brixmor Property Group Stock Up 0.3 %

BRX stock opened at $29.83 on Friday. The business’s 50-day simple moving average is $27.97 and its 200 day simple moving average is $25.40. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $29.99. The company has a market cap of $9.01 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 4.05 and a beta of 1.57.

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

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be given a dividend of $0.287 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.85%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is 106.48%.

About Brixmor Property Group

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.