MetLife Investment Management LLC boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 33.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 192,586 shares of the real estate investment trust's stock after acquiring an additional 48,662 shares during the period. MetLife Investment Management LLC owned about 0.06% of Brixmor Property Group worth $4,971,000 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. FORA Capital LLC acquired a new position in Brixmor Property Group during the first quarter worth $627,000. Natixis Advisors L.P. raised its position in Brixmor Property Group by 2.4% during the first quarter. Natixis Advisors L.P. now owns 184,579 shares of the real estate investment trust's stock worth $4,764,000 after acquiring an additional 4,321 shares during the period. AlphaCrest Capital Management LLC raised its position in Brixmor Property Group by 44.2% during the first quarter. AlphaCrest Capital Management LLC now owns 14,689 shares of the real estate investment trust's stock worth $379,000 after acquiring an additional 4,504 shares during the period. Hancock Whitney Corp acquired a new position in Brixmor Property Group during the first quarter worth $1,735,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Brixmor Property Group by 2,037.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 861,252 shares of the real estate investment trust's stock worth $22,228,000 after acquiring an additional 820,955 shares during the period. 97.35% of the stock is currently owned by institutional investors and hedge funds.
Get Brixmor Property Group alerts:Analyst Ratings Changes
BRX has been the subject of a number of research analyst reports. TheStreet cut shares of Brixmor Property Group from a "b-" rating to a "c+" rating in a research report on Monday, May 23rd. Truist Financial decreased their price target on shares of Brixmor Property Group from $29.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, June 21st. KeyCorp lowered their price target on shares of Brixmor Property Group from $29.00 to $26.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 28th. Evercore ISI boosted their price target on shares of Brixmor Property Group to $24.00 in a research report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. upgraded Brixmor Property Group from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $27.00 to $25.00 in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $24.97.
Brixmor Property Group Trading Down 0.6 %
BRX opened at $21.61 on Tuesday. Brixmor Property Group Inc. has a one year low of $19.42 and a one year high of $27.19. The stock has a market capitalization of $6.48 billion, a PE ratio of 22.28, a P/E/G ratio of 1.53 and a beta of 1.55. The business's 50 day moving average price is $21.90 and its 200 day moving average price is $23.50. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.57 and a current ratio of 0.57.Brixmor Property Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 4th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Monday, October 3rd. Brixmor Property Group's dividend payout ratio is presently 98.97%.
Brixmor Property Group Company Profile
(Get Rating)
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
Recommended Stories
- Get a free copy of the StockNews.com research report on Brixmor Property Group (BRX)
- MarketBeat Podcast: Stock Market, Bad News is Good News
- Forget Bitcoin, Block's Ecosystems are the Real Growth Drivers
- What Does an Inverted Yield Curve Mean For You?
- SPY vs. QQQ: Which ETF Wins in 2022?
- Could Snap Stock Rebound As Management Restructures?
Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.