Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,883 shares of the real estate investment trust’s stock after acquiring an additional 3,296 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Brixmor Property Group worth $5,515,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BRX. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares during the period. Quarry LP lifted its stake in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 364 shares during the period. UMB Bank n.a. boosted its position in Brixmor Property Group by 73.5% during the fourth 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 grew 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 acquiring an additional 1,140 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 1.9 %

Shares of Brixmor Property Group stock opened at $26.59 on Tuesday. The company has a fifty day moving average price of $26.62 and a 200 day moving average price of $27.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The stock has a market cap 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.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.32%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Scotiabank decreased their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Friday, December 6th. 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 report on Wednesday, March 26th. Finally, Mizuho dropped their price target on shares of 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. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $30.48.

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.