M&T Bank Corp Reduces Stake in Brixmor Property Group Inc (BRX)

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M&T Bank Corp trimmed its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,680 shares of the real estate investment trust’s stock after selling 5,378 shares during the quarter. M&T Bank Corp’s holdings in Brixmor Property Group were worth $524,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. increased its position in Brixmor Property Group by 2.6% during the fourth quarter. Advisors Asset Management Inc. now owns 34,845 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 873 shares during the last quarter. Nwam LLC increased its position in Brixmor Property Group by 4.9% during the fourth quarter. Nwam LLC now owns 32,234 shares of the real estate investment trust’s stock worth $474,000 after buying an additional 1,503 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in Brixmor Property Group by 5.5% during the fourth quarter. Gilman Hill Asset Management LLC now owns 35,770 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 1,855 shares during the last quarter. State of Alaska Department of Revenue increased its position in Brixmor Property Group by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 131,018 shares of the real estate investment trust’s stock worth $1,923,000 after buying an additional 2,425 shares during the last quarter. Finally, Eii Capital Management Inc. increased its position in Brixmor Property Group by 8.8% during the fourth quarter. Eii Capital Management Inc. now owns 45,704 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 3,710 shares during the last quarter. 98.80% of the stock is currently owned by hedge funds and other institutional investors.

BRX stock opened at $17.79 on Wednesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.59 and a quick ratio of 0.59. Brixmor Property Group Inc has a 52-week low of $13.84 and a 52-week high of $18.71. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 2.67 and a beta of 0.79.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17). Brixmor Property Group had a net margin of 29.67% and a return on equity of 12.82%. The firm had revenue of $297.66 million for the quarter, compared to the consensus estimate of $302.22 million. As a group, equities analysts anticipate that Brixmor Property Group Inc will post 1.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Thursday, April 4th. Brixmor Property Group’s dividend payout ratio (DPR) is 60.54%.

Several equities analysts have commented on BRX shares. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. KeyCorp raised shares of Brixmor Property Group from a “sector weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research report on Monday, October 29th. ValuEngine raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Wells Fargo & Co lowered their target price on shares of Brixmor Property Group from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Finally, JPMorgan Chase & Co. downgraded shares of Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.50.

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Brixmor Property Group Company 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 445 retail centers comprise approximately 77 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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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