Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Posted by Defense World Staff on May 5th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,935 shares of the real estate investment trust’s stock after purchasing an additional 7,978 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.05% of Brixmor Property Group worth $3,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Brixmor Property Group by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 87,983 shares of the real estate investment trust’s stock valued at $1,995,000 after purchasing an additional 440 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Brixmor Property Group by 0.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 84,635 shares of the real estate investment trust’s stock valued at $1,563,000 after acquiring an additional 499 shares during the last quarter. Oliver Luxxe Assets LLC boosted its stake in Brixmor Property Group by 0.6% during the 4th quarter. Oliver Luxxe Assets LLC now owns 91,496 shares of the real estate investment trust’s stock valued at $2,074,000 after acquiring an additional 528 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Brixmor Property Group by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 80,300 shares of the real estate investment trust’s stock valued at $1,820,000 after acquiring an additional 600 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in Brixmor Property Group by 5.3% during the 1st quarter. Beacon Pointe Advisors LLC now owns 12,535 shares of the real estate investment trust’s stock valued at $324,000 after acquiring an additional 631 shares during the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $25.00 to $24.50 in a research note on Tuesday. The Goldman Sachs Group initiated coverage on shares of Brixmor Property Group in a research note on Tuesday, March 21st. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, StockNews.com initiated coverage on shares of Brixmor Property Group in a research note on Thursday, March 16th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.27.

Brixmor Property Group Stock Up 0.3 %

BRX stock opened at $20.97 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a fifty-two week low of $17.62 and a fifty-two week high of $25.50. The firm’s 50-day simple moving average is $21.10 and its 200 day simple moving average is $21.89. The stock has a market cap of $6.30 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.54 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX – Get Rating) last released its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.12). Brixmor Property Group had a return on equity of 12.57% and a net margin of 29.08%. The firm had revenue of $311.40 million during the quarter, compared to analyst estimates of $306.68 million. During the same period last year, the business earned $0.49 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Wednesday, July 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.96%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 89.66%.

About Brixmor Property Group

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.