Sumitomo Mitsui DS Asset Management Company Ltd Buys 19,331 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,490 shares of the real estate investment trust's stock after purchasing an additional 19,331 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Brixmor Property Group were worth $2,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State of Alaska Department of Revenue lifted its stake in shares of Brixmor Property Group by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 178,985 shares of the real estate investment trust's stock worth $4,981,000 after buying an additional 862 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $222,000. abrdn plc lifted its stake in shares of Brixmor Property Group by 18.7% in the fourth quarter. abrdn plc now owns 1,106,447 shares of the real estate investment trust's stock worth $30,698,000 after buying an additional 174,155 shares in the last quarter. Vert Asset Management LLC lifted its stake in shares of Brixmor Property Group by 10.6% in the fourth quarter. Vert Asset Management LLC now owns 132,159 shares of the real estate investment trust's stock worth $3,679,000 after buying an additional 12,625 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Brixmor Property Group by 51.7% in the fourth quarter. KBC Group NV now owns 10,859 shares of the real estate investment trust's stock worth $302,000 after buying an additional 3,702 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

BRX has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $28.00 to $33.00 in a research note on Friday. Truist Financial upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a report on Friday, November 15th. KeyCorp upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Mizuho upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and upped their target price for the company from $30.00 to $33.00 in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.87.

Brixmor Property Group Price Performance

BRX stock traded down $0.45 during trading on Friday, hitting $27.68. 3,537,127 shares of the company's stock traded hands, compared to its average volume of 2,638,488. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. 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 business has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $27.47. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.76% of the company's stock.

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.