Corebridge Financial Inc. Has $9.52 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Corebridge Financial Inc. lowered its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 341,776 shares of the real estate investment trust’s stock after selling 14,564 shares during the period. Corebridge Financial Inc.’s holdings in Brixmor Property Group were worth $9,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in BRX. Quarry LP grew its stake in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares during the last quarter. US Bancorp DE grew its position in Brixmor Property Group by 5.3% in the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after purchasing an additional 434 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 441 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Brixmor Property Group by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 511 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

NYSE:BRX opened at $26.33 on Thursday. The stock’s 50-day simple moving average is $26.63 and its 200 day simple moving average is $27.56. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $8.05 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.66 and a beta of 1.59.

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

Brixmor Property Group Increases Dividend

The company 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Analysts Set New Price Targets

BRX has been the topic of several recent research reports. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group 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.