Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $2,402,000 Stake in Brixmor Property Group Inc. (BRX)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 37.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,416 shares of the real estate investment trust’s stock after buying an additional 23,316 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Brixmor Property Group were worth $2,402,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in Brixmor Property Group by 164.8% in the second quarter. Nisa Investment Advisors LLC now owns 12,050 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 7,500 shares in the last quarter. IBM Retirement Fund boosted its position in Brixmor Property Group by 7.4% in the second quarter. IBM Retirement Fund now owns 19,323 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 1,328 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in Brixmor Property Group by 0.3% in the second quarter. Gilman Hill Asset Management LLC now owns 17,080 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 55 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Brixmor Property Group by 70.0% in the second quarter. Daiwa Securities Group Inc. now owns 16,294,629 shares of the real estate investment trust’s stock valued at $431,156,000 after buying an additional 6,707,889 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Brixmor Property Group during the second quarter valued at about $7,071,000.
Brixmor Property Group Inc. (NYSE:BRX) traded up 0.269% during mid-day trading on Friday, hitting $24.265. 1,122,526 shares of the stock traded hands. The firm has a market cap of $7.38 billion, a PE ratio of 30.638 and a beta of 0.54. The stock has a 50 day moving average price of $24.45 and a 200 day moving average price of $26.30. Brixmor Property Group Inc. has a 12-month low of $19.91 and a 12-month high of $29.14.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $0.51 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Brixmor Property Group had a net margin of 18.62% and a return on equity of 8.19%. The business earned $318.58 million during the quarter, compared to analyst estimates of $312.70 million. During the same period in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts expect that Brixmor Property Group Inc. will post $0.80 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Thursday, January 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 4.30%. Brixmor Property Group’s payout ratio is 133.34%.
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Several research analysts recently issued reports on BRX shares. Zacks Investment Research raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, October 25th. TheStreet raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Wells Fargo & Company raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating in a report on Monday, November 28th. Citigroup Inc. cut shares of Brixmor Property Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 13th. Finally, J P Morgan Chase & Co raised shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating and set a $27.50 target price for the company in a report on Friday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.
In other Brixmor Property Group news, insider Steven F. Siegel sold 6,000 shares of the business’s stock in a transaction dated Friday, December 30th. The shares were sold at an average price of $24.31, for a total transaction of $145,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Taylor, Jr. bought 10,000 shares of Brixmor Property Group stock in a transaction on Monday, November 21st. The shares were purchased at an average cost of $23.82 per share, with a total value of $238,200.00. Following the completion of the purchase, the insider now directly owns 213,590 shares in the company, valued at $5,087,713.80. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by insiders.
About Brixmor Property Group
Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.
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