Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 179,102 shares of the real estate investment trust’s stock after acquiring an additional 14,237 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Brixmor Property Group worth $4,986,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter worth $26,000. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth $26,000. Smartleaf Asset Management LLC boosted its position 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 worth $26,000 after buying an additional 521 shares in the last quarter. UMB Bank n.a. grew its stake in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,140 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $25.70 on Friday. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s 50-day moving average is $25.95 and its 200-day moving average is $27.16.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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 26.40% and a return on equity of 11.72%. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were given a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.47%. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Analyst Ratings Changes

Several research analysts recently issued reports on BRX shares. Mizuho cut their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Wells Fargo & Company reduced 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 report on Wednesday, March 26th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group 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.