Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,776 shares of the real estate investment trust's stock after selling 14,564 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Brixmor Property Group worth $9,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BRX. Glenmede Trust Co. NA raised its position in Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust's stock worth $1,050,000 after purchasing an additional 26,000 shares during the period. Vestcor Inc purchased a new stake in shares of Brixmor Property Group in the third quarter worth approximately $776,000. Park Avenue Securities LLC lifted its stake in shares of Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock worth $720,000 after acquiring an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Brixmor Property Group during the 4th quarter valued at $620,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brixmor Property Group by 38.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock valued at $6,073,000 after acquiring an additional 60,567 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

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Brixmor Property Group Stock Up 1.9 %

BRX stock traded up $0.48 during trading on Monday, reaching $26.59. 2,243,372 shares of the company traded hands, compared to its average volume of 2,213,381. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The business has a 50 day simple moving average of $26.62 and a 200 day simple moving average of $27.54. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates 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 research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.32%. 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 is currently 103.60%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets raised shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Mizuho reduced their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.48.

Brixmor Property Group Company 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.