Norges Bank Invests $110.21 Million in Brixmor Property Group Inc. (NYSE:BRX)

Norges Bank bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,958,507 shares of the real estate investment trust's stock, valued at approximately $110,205,000. Norges Bank owned approximately 1.31% of Brixmor Property Group as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Brixmor Property Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust's stock valued at $156,473,000 after acquiring an additional 44,485 shares during the period. Zurich Insurance Group Ltd FI raised its position in shares of Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock worth $86,499,000 after purchasing an additional 959,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Brixmor Property Group by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust's stock valued at $65,900,000 after purchasing an additional 79,778 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Brixmor Property Group by 16.4% during the fourth quarter. Prudential Financial Inc. now owns 2,109,892 shares of the real estate investment trust's stock worth $58,739,000 after purchasing an additional 296,570 shares during the last quarter. Finally, Brookfield Corp ON acquired a new stake in shares of Brixmor Property Group in the third quarter worth approximately $38,051,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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Brixmor Property Group Stock Performance

Shares of NYSE BRX traded down $1.01 during trading hours on Friday, hitting $23.96. 3,429,870 shares of the company's stock were exchanged, compared to its average volume of 2,221,654. 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 stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.66 and a beta of 1.30. The company's 50-day moving average price is $26.57 and its 200-day moving average price is $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 - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 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. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.80%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's payout ratio is currently 103.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. 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. Scotiabank reduced their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Mizuho dropped their target price 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. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of "Moderate Buy" and an average 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.