Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Posted by Defense World Staff on Aug 12th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,196 shares of the real estate investment trust’s stock after buying an additional 14,261 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.06% of Brixmor Property Group worth $3,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. State of Wyoming grew its stake in Brixmor Property Group by 6.8% during the 4th quarter. State of Wyoming now owns 7,469 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 478 shares in the last quarter. CI Investments Inc. grew its stake in Brixmor Property Group by 24.1% during the 4th quarter. CI Investments Inc. now owns 2,466 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 479 shares in the last quarter. Beacon Pointe Advisors LLC grew 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 worth $324,000 after purchasing an additional 631 shares in the last quarter. Burney Co. grew its stake in Brixmor Property Group by 1.4% during the 4th quarter. Burney Co. now owns 56,901 shares of the real estate investment trust’s stock worth $1,290,000 after purchasing an additional 764 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in Brixmor Property Group by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 76,307 shares of the real estate investment trust’s stock worth $1,730,000 after purchasing an additional 800 shares in the last quarter. 95.68% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.3 %

Brixmor Property Group stock opened at $22.83 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $17.62 and a fifty-two week high of $24.49. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $6.86 billion, a P/E ratio of 19.51, a PEG ratio of 2.10 and a beta of 1.59. The stock has a 50-day simple moving average of $22.12 and a 200-day simple moving average of $21.67.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, October 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Monday, October 2nd. Brixmor Property Group’s payout ratio is currently 88.89%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stifel Nicolaus lowered their target price on Brixmor Property Group from $25.00 to $24.50 in a research note on Tuesday, May 2nd. StockNews.com started coverage on Brixmor Property Group in a research note on Thursday, May 18th. They set a “hold” rating for the company. Wells Fargo & Company lifted their price target on Brixmor Property Group from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Truist Financial decreased their price target on Brixmor Property Group from $26.00 to $25.00 in a report on Monday, May 15th. Finally, Piper Sandler lifted their price target on Brixmor Property Group from $26.00 to $28.00 in a report on Monday, May 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.68.

Read Our Latest Report on BRX

About Brixmor Property Group

(Free Report)

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 367 retail centers comprise approximately 65 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.