Fuller & Thaler Asset Management Inc. cut its holdings in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 20.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,264,660 shares of the real estate investment trust's stock after selling 1,633,063 shares during the quarter. Brixmor Property Group makes up about 1.0% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 19th largest position. Fuller & Thaler Asset Management Inc.'s holdings in Brixmor Property Group were worth $161,691,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in BRX. JPMorgan Chase & Co. lifted its stake in Brixmor Property Group by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 30,237,387 shares of the real estate investment trust's stock worth $768,332,000 after acquiring an additional 4,493,274 shares during the period. State Street Corp lifted its position in shares of Brixmor Property Group by 6.5% during the fourth quarter. State Street Corp now owns 14,684,959 shares of the real estate investment trust's stock valued at $373,145,000 after buying an additional 896,908 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of 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 valued at $22,228,000 after buying an additional 820,955 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Brixmor Property Group by 7.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,368,141 shares of the real estate investment trust's stock valued at $263,454,000 after purchasing an additional 721,846 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Brixmor Property Group by 29.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,699,110 shares of the real estate investment trust's stock worth $69,761,000 after buying an additional 614,279 shares during the period. 97.35% of the stock is owned by hedge funds and other institutional investors.
Get Brixmor Property Group alerts:Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Brixmor Property Group from $28.00 to $23.00 in a research note on Monday, July 11th. Piper Sandler decreased their price objective on Brixmor Property Group to $26.00 in a report on Monday, July 4th. Stifel Nicolaus reduced their price target on Brixmor Property Group from $27.00 to $22.50 in a report on Wednesday, July 6th. StockNews.com lowered Brixmor Property Group from a "buy" rating to a "hold" rating in a report on Friday, September 2nd. Finally, Jefferies Financial Group lowered Brixmor Property Group from a "hold" rating to an "underperform" rating and reduced their price target for the stock from $29.00 to $20.00 in a report on Thursday, June 30th. One research 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $24.97.
Brixmor Property Group Stock Performance
NYSE BRX opened at $22.25 on Friday. The company has a market cap of $6.67 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.58 and a beta of 1.55. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50-day moving average of $22.02 and a two-hundred day moving average of $23.38. Brixmor Property Group Inc. has a 1-year low of $19.42 and a 1-year high of $27.19.Brixmor Property Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, October 4th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, October 3rd. Brixmor Property Group's dividend payout ratio is currently 98.97%.
Brixmor Property Group Company Profile
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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.
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