MetLife Investment Management LLC Acquires 14,237 Shares of Brixmor Property Group Inc. (NYSE:BRX)

MetLife Investment Management LLC lifted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 8.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,102 shares of the real estate investment trust's stock after purchasing an additional 14,237 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Brixmor Property Group worth $4,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BRX. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Brixmor Property Group during the 4th quarter valued at about $26,000. UMB Bank n.a. grew its position in Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,140 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BRX. Wells Fargo & Company decreased their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Mizuho lowered their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus cut their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Finally, Scotiabank cut their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.48.

Brixmor Property Group Stock Up 0.5 %

Shares of BRX stock traded up $0.14 during mid-day trading on Friday, reaching $25.83. 2,049,653 shares of the company's stock traded hands, compared to its average volume of 2,218,358. The company's 50-day moving average price is $25.92 and its 200-day moving average price is $27.15. The company has a market cap of $7.90 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.66 and a beta of 1.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping 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%. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was 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%.

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.