Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 35.7% during the fourth quarter, HoldingsChannel reports. The fund owned 73,490 shares of the real estate investment trust’s stock after acquiring an additional 19,331 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Brixmor Property Group were worth $2,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning increased its position in Brixmor Property Group by 2.8% during the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC boosted its stake in shares of Brixmor Property Group by 53.1% in the third quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 1,533 shares in the last quarter. UMB Bank n.a. grew its holdings in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the period. Oliver Luxxe Assets LLC raised its position in Brixmor Property Group by 73.9% in the third quarter. Oliver Luxxe Assets LLC now owns 93,908 shares of the real estate investment trust’s stock worth $2,616,000 after acquiring an additional 39,910 shares in the last quarter. Finally, Hummer Financial Advisory Services Inc acquired a new stake in Brixmor Property Group in the third quarter valued at $240,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BRX. Mizuho upped their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI dropped their target price on shares of Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Wells Fargo & Company decreased their price target on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus upped their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.38.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Stock Down 1.8 %

BRX opened at $26.20 on Tuesday. The firm has a market cap of $7.91 billion, a P/E ratio of 24.25, a PEG ratio of 2.54 and a beta of 1.58. The business’s fifty day simple moving average is $27.28 and its 200 day simple moving average is $27.42. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results 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 25.81% and a return on equity of 11.48%. As a group, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

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.