Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by M&T Bank Corp

M&T Bank Corp boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 167,928 shares of the real estate investment trust’s stock after acquiring an additional 6,002 shares during the period. M&T Bank Corp owned about 0.06% of Brixmor Property Group worth $4,675,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Quarry LP raised its position in 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 worth $38,000 after acquiring an additional 364 shares during the period. US Bancorp DE raised its position in shares of Brixmor Property Group by 5.3% in the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Brixmor Property Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock valued at $1,710,000 after buying an additional 434 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Brixmor Property Group by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 441 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Brixmor Property Group by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 511 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Down 0.2 %

Shares of BRX stock opened at $26.68 on Friday. 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 firm has a market cap of $8.16 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.66 and a beta of 1.58. The company has a 50-day moving average of $26.89 and a two-hundred day moving average of $27.67. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share 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%. On average, analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.31%. The ex-dividend date 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 (DPR) is 103.60%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BRX shares. Mizuho reduced their target price 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. Truist Financial increased their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

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.