KLP Kapitalforvaltning AS Buys New Shares in Brixmor Property Group Inc. (NYSE:BRX)

KLP Kapitalforvaltning AS bought a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 64,100 shares of the real estate investment trust's stock, valued at approximately $1,785,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRX. Hillsdale Investment Management Inc. grew its stake in Brixmor Property Group by 55.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 2,900 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 1,030 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Brixmor Property Group by 38.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 164,340 shares of the real estate investment trust's stock valued at $4,575,000 after acquiring an additional 45,503 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $317,000. Teacher Retirement System of Texas increased its stake in shares of Brixmor Property Group by 41.6% during the 4th quarter. Teacher Retirement System of Texas now owns 192,985 shares of the real estate investment trust's stock worth $5,373,000 after purchasing an additional 56,729 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Brixmor Property Group by 163.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 12,826 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 7,950 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Brixmor Property Group Price Performance

NYSE:BRX traded down $0.06 during trading hours on Tuesday, hitting $26.49. The stock had a trading volume of 2,060,583 shares, compared to its average volume of 2,213,896. The company has a 50 day simple moving average of $26.63 and a two-hundred day simple moving average of $27.53. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67.

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 earnings per share (EPS) 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%. Research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 103.60%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BRX shares. Stifel Nicolaus dropped their price objective 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. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Scotiabank decreased their price objective 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 shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on shares of 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. Four 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

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.