Mirae Asset Global Investments Co. Ltd. Sells 3,286 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 28.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,409 shares of the real estate investment trust’s stock after selling 3,286 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Brixmor Property Group were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BRX. Creative Planning boosted its stake in Brixmor Property Group by 2.8% in the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after acquiring an additional 396 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Brixmor Property Group in the 3rd quarter valued at $696,000. Vert Asset Management LLC boosted its position in shares of Brixmor Property Group by 2.8% in the 3rd quarter. Vert Asset Management LLC now owns 119,534 shares of the real estate investment trust’s stock worth $3,330,000 after purchasing an additional 3,250 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Brixmor Property Group by 103.7% during the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,448 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new stake in Brixmor Property Group in the third quarter valued at about $265,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $28.12 on Friday. The company has a fifty day moving average price of $27.16 and a 200 day moving average price of $27.45. The firm has a market cap of $8.49 billion, a PE ratio of 26.03, a PEG ratio of 2.54 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Research analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.48%.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on BRX shares. Scotiabank raised their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. KeyCorp upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday. Finally, Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.69.

About Brixmor Property Group

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.