Hsbc Holdings PLC Acquires 144,408 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Hsbc Holdings PLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 72.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 342,370 shares of the real estate investment trust's stock after acquiring an additional 144,408 shares during the period. Hsbc Holdings PLC owned 0.11% of Brixmor Property Group worth $9,512,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Brixmor Property Group by 102.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 25,915 shares of the real estate investment trust's stock worth $721,000 after purchasing an additional 13,139 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Brixmor Property Group by 8.6% in the fourth quarter. MetLife Investment Management LLC now owns 179,102 shares of the real estate investment trust's stock worth $4,986,000 after buying an additional 14,237 shares in the last quarter. Natixis boosted its position in shares of Brixmor Property Group by 439.9% in the fourth quarter. Natixis now owns 412,011 shares of the real estate investment trust's stock valued at $11,470,000 after acquiring an additional 335,697 shares during the period. Capital World Investors purchased a new position in Brixmor Property Group during the fourth quarter valued at approximately $14,552,000. Finally, Dimensional Fund Advisors LP increased its holdings in Brixmor Property Group by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,685,872 shares of the real estate investment trust's stock worth $130,452,000 after acquiring an additional 38,427 shares during the period. 98.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BRX shares. 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 research report on Friday, February 14th. Wells Fargo & Company decreased their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Evercore ISI upgraded 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. Mizuho cut their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Scotiabank lowered their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Up 0.5 %

Shares of NYSE BRX opened at $25.83 on Monday. The firm's fifty day moving average is $25.92 and its 200 day moving average is $27.15. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share 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, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.45%. Brixmor Property Group's payout ratio is 103.60%.

Brixmor Property Group 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.

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