American International Group Inc. Sells 17,468 Shares of Brixmor Property Group Inc. (NYSE:BRX)

American International Group Inc. lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,026 shares of the real estate investment trust’s stock after selling 17,468 shares during the quarter. American International Group Inc.’s holdings in Brixmor Property Group were worth $9,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Citigroup Inc. grew its stake in shares of Brixmor Property Group by 45.5% during the 3rd quarter. Citigroup Inc. now owns 139,892 shares of the real estate investment trust’s stock worth $2,907,000 after acquiring an additional 43,767 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Brixmor Property Group by 86.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 136,678 shares of the real estate investment trust’s stock worth $2,822,000 after acquiring an additional 63,340 shares during the period. QRG Capital Management Inc. bought a new position in shares of Brixmor Property Group during the 3rd quarter worth $228,000. Invesco Ltd. grew its stake in shares of Brixmor Property Group by 22.8% during the 3rd quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust’s stock worth $144,004,000 after acquiring an additional 1,288,656 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Brixmor Property Group by 7.4% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 364,931 shares of the real estate investment trust’s stock worth $7,583,000 after acquiring an additional 25,191 shares during the period. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, May 13th. Truist Financial reiterated a “buy” rating and set a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. The Goldman Sachs Group cut their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Mizuho cut their target price on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Finally, Wells Fargo & Company cut their target price on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 28th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $22.30 on Wednesday. The business’s 50-day moving average price is $22.02 and its two-hundred day moving average price is $22.52. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $24.47. The stock has a market cap of $6.72 billion, a P/E ratio of 23.98, a PEG ratio of 2.70 and a beta of 1.55. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The business had revenue of $320.24 million during the quarter, compared to analysts’ expectations of $314.82 million. During the same period in the previous year, the business earned $0.50 EPS. The business’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Brixmor Property Group Inc. will post 2.1 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $1.09 annualized dividend and a dividend yield of 4.89%. Brixmor Property Group’s payout ratio is currently 117.21%.

Brixmor Property Group Profile

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 362 retail centers comprise approximately 64 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.