APG Asset Management US Inc. Grows Stake in Brixmor Property Group Inc. (NYSE:BRX)

APG Asset Management US Inc. lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,285,677 shares of the real estate investment trust's stock after acquiring an additional 162,986 shares during the quarter. APG Asset Management US Inc. owned approximately 0.43% of Brixmor Property Group worth $35,793,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BRX. Vestcor Inc acquired a new position in Brixmor Property Group during the 3rd quarter valued at about $776,000. Park Avenue Securities LLC boosted its position in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock worth $720,000 after purchasing an additional 12,593 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Brixmor Property Group in the fourth quarter worth about $620,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Brixmor Property Group by 38.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock valued at $6,073,000 after buying an additional 60,567 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter worth about $1,699,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BRX. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Scotiabank lowered their price objective on shares of 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. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Tuesday, February 11th. Wells Fargo & Company decreased 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, Stifel Nicolaus dropped their price target 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of "Moderate Buy" and a consensus price target of $30.48.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded up $0.24 during trading on Monday, hitting $24.69. The stock had a trading volume of 357,750 shares, compared to its average volume of 2,205,757. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.66 and a beta of 1.30. The business's 50-day moving average is $26.25 and its 200 day moving average is $27.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released 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%. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.66%. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

Brixmor Property Group Company 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.