Brixmor Property Group Inc. (NYSE:BRX) shares reached a new 52-week high on Friday . The company traded as high as $27.66 and last traded at $27.63, with a volume of 683,200 shares changing hands. The stock had previously closed at $27.44.

A number of research analysts recently weighed in on the stock. Barclays PLC raised their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised shares of Brixmor Property Group from an “underweight” rating to a “neutral” rating and set a $26.00 price target on the stock in a research report on Friday, June 3rd. Mizuho assumed coverage on shares of Brixmor Property Group in a research report on Wednesday, April 13th. They set a “neutral” rating and a $23.00 price target on the stock. Finally, Deutsche Bank AG reissued a “hold” rating and set a $27.00 price target (up from $26.00) on shares of Brixmor Property Group in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.00.

The firm has a market capitalization of $8.28 billion and a PE ratio of 37.121. The firm has a 50-day moving average of $26.39 and a 200-day moving average of $25.33.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The business earned $323.10 million during the quarter, compared to analysts’ expectations of $320.70 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts expect that Brixmor Property Group Inc. will post $2.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Wednesday, July 6th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Friday, July 1st.

In related news, major shareholder Brx Holdco Llc sold 20,000,000 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $25.13, for a total transaction of $502,600,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven F. Siegel sold 6,000 shares of the stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $25.11, for a total transaction of $150,660.00. Following the sale, the executive vice president now directly owns 338,072 shares in the company, valued at $8,488,987.92. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in BRX. Schroder Investment Management Group increased its stake in shares of Brixmor Property Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 590,939 shares of the real estate investment trust’s stock valued at $15,258,000 after buying an additional 12,153 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Brixmor Property Group by 6.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 45,177 shares of the real estate investment trust’s stock valued at $1,166,000 after buying an additional 2,763 shares during the period. Bank of Montreal Can increased its stake in shares of Brixmor Property Group by 55.4% in the fourth quarter. Bank of Montreal Can now owns 565,162 shares of the real estate investment trust’s stock valued at $14,592,000 after buying an additional 201,554 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Brixmor Property Group by 101.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 210,062 shares of the real estate investment trust’s stock valued at $5,424,000 after buying an additional 105,655 shares during the period. Finally, Morgan Stanley increased its stake in shares of Brixmor Property Group by 231.0% in the fourth quarter. Morgan Stanley now owns 997,896 shares of the real estate investment trust’s stock valued at $25,764,000 after buying an additional 696,419 shares during the period.

Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

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