Canada Pension Plan Investment Board Has $216.93 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Canada Pension Plan Investment Board increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,792,016 shares of the real estate investment trust's stock after buying an additional 467,146 shares during the period. Canada Pension Plan Investment Board owned 2.58% of Brixmor Property Group worth $216,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $110,205,000. Invesco Ltd. boosted its stake in Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after buying an additional 2,180,541 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Brixmor Property Group in the third quarter valued at $25,492,000. ExodusPoint Capital Management LP acquired a new position in Brixmor Property Group during the fourth quarter worth $20,271,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Brixmor Property Group by 25.5% during the fourth 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. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRX has been the subject of several analyst reports. 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 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 on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Mizuho decreased 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 report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Stock Up 1.8 %

BRX traded up $0.45 during trading on Tuesday, hitting $25.68. The company had a trading volume of 445,959 shares, compared to its average volume of 2,448,442. The firm's 50-day moving average price is $26.08 and its 200 day moving average price is $27.19. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The company has a market capitalization of $7.86 billion, a PE ratio of 23.14, a PEG ratio of 2.66 and a beta of 1.30. 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 (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were issued a $0.2875 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.48%. The ex-dividend date was Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is currently 103.60%.

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.