Cibc World Markets Corp Boosts Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Cibc World Markets Corp grew its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 141.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,257 shares of the real estate investment trust's stock after acquiring an additional 112,619 shares during the quarter. Cibc World Markets Corp owned about 0.06% of Brixmor Property Group worth $5,352,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Corient Private Wealth LLC lifted its holdings in shares of Brixmor Property Group by 9.5% during the fourth quarter. Corient Private Wealth LLC now owns 16,654 shares of the real estate investment trust's stock worth $464,000 after purchasing an additional 1,446 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Brixmor Property Group by 22.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,777 shares of the real estate investment trust's stock worth $328,000 after purchasing an additional 2,162 shares during the period. Vestcor Inc lifted its holdings in Brixmor Property Group by 306.5% in the fourth quarter. Vestcor Inc now owns 113,235 shares of the real estate investment trust's stock valued at $3,152,000 after acquiring an additional 85,379 shares during the period. Swiss National Bank lifted its holdings in Brixmor Property Group by 0.8% in the fourth quarter. Swiss National Bank now owns 592,700 shares of the real estate investment trust's stock valued at $16,501,000 after acquiring an additional 4,600 shares during the period. Finally, Great Lakes Advisors LLC lifted its holdings in Brixmor Property Group by 5.3% in the fourth quarter. Great Lakes Advisors LLC now owns 143,816 shares of the real estate investment trust's stock valued at $4,004,000 after acquiring an additional 7,197 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

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Brixmor Property Group Price Performance

Brixmor Property Group stock traded down $0.05 during midday trading on Thursday, reaching $25.97. 1,083,651 shares of the company were exchanged, compared to its average volume of 2,096,042. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 2.66 and a beta of 1.59. The firm's 50-day simple moving average is $26.64 and its 200-day simple moving average is $27.60. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted 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 return on equity of 11.72% and a net margin of 26.40%. On average, analysts anticipate 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 4.43%. Brixmor Property Group's payout ratio is 103.60%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BRX. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $30.00 to $33.00 in a report on Friday, December 6th. Scotiabank reduced their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and raised their target price for the company from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus reduced their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Wells Fargo & Company reduced their target price on Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and a consensus price target of $30.56.

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.