National Bank of Canada FI Grows Holdings in Brixmor Property Group Inc. (NYSE:BRX)

National Bank of Canada FI increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 231,800 shares of the real estate investment trust’s stock after purchasing an additional 10,900 shares during the period. National Bank of Canada FI owned approximately 0.08% of Brixmor Property Group worth $6,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BRX. Norges Bank acquired a new position in Brixmor Property Group during the fourth quarter worth $110,205,000. Lord Abbett & CO. LLC purchased a new stake in shares of Brixmor Property Group in the 3rd quarter valued at $25,492,000. FMR LLC lifted its stake in Brixmor Property Group by 136.8% during the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock worth $29,773,000 after acquiring an additional 617,341 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Brixmor Property Group by 25.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,122,101 shares of the real estate investment trust’s stock valued at $59,079,000 after acquiring an additional 430,802 shares during the period. Finally, Prudential Financial Inc. grew its position in Brixmor Property Group by 16.4% in the 4th quarter. Prudential Financial Inc. now owns 2,109,892 shares of the real estate investment trust’s stock valued at $58,739,000 after acquiring an additional 296,570 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Down 4.1 %

BRX opened at $23.96 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The business’s 50 day moving average is $26.57 and its two-hundred day moving average is $27.47. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS 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%. On average, research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.80%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BRX. Mizuho reduced 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 research report on Tuesday, February 25th. Evercore ISI raised 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 report on Tuesday, February 11th. Scotiabank dropped their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their target price 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

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.