New York Life Investment Management LLC Has $886,000 Holdings in Brixmor Property Group Inc. (NYSE:BRX)

New York Life Investment Management LLC lessened its stake in Brixmor Property Group Inc. (NYSE:BRX) by 7.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,821 shares of the real estate investment trust’s stock after selling 2,689 shares during the quarter. New York Life Investment Management LLC’s holdings in Brixmor Property Group were worth $886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its holdings in shares of Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after buying an additional 26,000 shares during the period. Vestcor Inc acquired a new position in Brixmor Property Group during the third quarter worth $776,000. Charles Schwab Investment Management Inc. boosted its holdings in Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after purchasing an additional 159,388 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 12,593 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Brixmor Property Group by 33.3% during the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after purchasing an additional 36,823 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX opened at $27.97 on Tuesday. The firm has a market capitalization of $8.56 billion, a PE ratio of 25.20, a PEG ratio of 2.66 and a beta of 1.58. The company’s 50-day moving average is $26.91 and its 200-day moving average is $27.65. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.11%. Brixmor Property Group’s dividend payout ratio is presently 103.60%.

Analysts Set New Price Targets

Several brokerages recently commented on BRX. Mizuho reduced their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. KeyCorp increased their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Finally, Truist Financial upped their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Company Profile

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