Massachusetts Financial Services Co. MA Sells 644,176 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Massachusetts Financial Services Co. MA reduced its stake in Brixmor Property Group Inc. (NYSE:BRX) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,646,295 shares of the real estate investment trust’s stock after selling 644,176 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.25% of Brixmor Property Group worth $213,280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BRX. Hillsdale Investment Management Inc. bought a new stake in Brixmor Property Group in the 3rd quarter valued at $30,000. Signaturefd LLC increased its stake in Brixmor Property Group by 52.3% in the 3rd quarter. Signaturefd LLC now owns 1,549 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 532 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Brixmor Property Group by 940.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 8,093 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 7,315 shares during the last quarter. Stifel Financial Corp acquired a new stake in Brixmor Property Group in the 2nd quarter valued at $200,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Brixmor Property Group in the 3rd quarter valued at $216,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of BRX opened at $26.52 on Friday. Brixmor Property Group Inc. has a 52 week low of $16.45 and a 52 week high of $27.15. The firm has a market cap of $7.88 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 1.42 and a beta of 1.69. The firm’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $23.66. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.32 and a current ratio of 1.32.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, November 1st. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.19). Brixmor Property Group had a net margin of 18.94% and a return on equity of 7.94%. The company had revenue of $290.20 million during the quarter, compared to analyst estimates of $278.57 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Wednesday, January 5th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $0.96 dividend on an annualized basis and a yield of 3.62%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.22. Brixmor Property Group’s dividend payout ratio is 135.21%.

BRX has been the topic of several recent research reports. Compass Point upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, November 19th. BMO Capital Markets upgraded shares of Brixmor Property Group from an “underperform” rating to a “market perform” rating and set a $25.00 price target on the stock in a research note on Wednesday, December 1st. Zacks Investment Research upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Monday, January 10th. KeyCorp boosted their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Truist boosted their price objective on shares of Brixmor Property Group from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, December 2nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.77.

In related news, insider Brian T. Finnegan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 20th. The shares were sold at an average price of $23.71, for a total value of $118,550.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 20,000 shares of company stock worth $503,100. 0.57% of the stock is owned by company insiders.

Brixmor Property Group Company Profile

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

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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