Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,800 shares of the real estate investment trust’s stock after acquiring an additional 10,900 shares during the quarter. National Bank of Canada FI’s holdings in Brixmor Property Group were worth $6,453,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BRX. Vestcor Inc acquired a new stake in Brixmor Property Group in the third quarter valued at $776,000. Park Avenue Securities LLC lifted its stake in shares of Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after purchasing an additional 12,593 shares during the period. Proficio Capital Partners LLC purchased a new stake in Brixmor Property Group during the fourth quarter worth about $620,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brixmor Property Group by 38.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock worth $6,073,000 after buying an additional 60,567 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in Brixmor Property Group during the fourth quarter worth about $1,699,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Evercore ISI raised 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, February 11th. Wells Fargo & Company cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Finally, Mizuho lowered their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.48.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $23.96 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $7.33 billion, a PE ratio of 21.58, a P/E/G ratio of 2.66 and a beta of 1.30. The firm has a 50 day simple moving average of $26.57 and a 200-day simple moving average of $27.47. 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 issued its quarterly earnings results 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 return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.80%. Brixmor Property Group’s payout ratio is 103.60%.

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.