Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,800 shares of the real estate investment trust's stock after buying an additional 10,900 shares during the period. National Bank of Canada FI owned 0.08% of Brixmor Property Group worth $6,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its position in Brixmor Property Group by 136.8% during the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust's stock valued at $29,773,000 after purchasing an additional 617,341 shares during the period. Townsquare Capital LLC purchased a new position in Brixmor Property Group during the third quarter valued at approximately $217,000. Verition Fund Management LLC raised its stake in Brixmor Property Group by 54.2% in the third quarter. Verition Fund Management LLC now owns 34,888 shares of the real estate investment trust's stock worth $972,000 after buying an additional 12,260 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Brixmor Property Group by 3.0% during the third quarter. HighTower Advisors LLC now owns 440,803 shares of the real estate investment trust's stock worth $12,297,000 after buying an additional 13,006 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Brixmor Property Group by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 141,601 shares of the real estate investment trust's stock valued at $3,944,000 after acquiring an additional 7,842 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Scotiabank reduced their price target on 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. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Mizuho cut 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 research report on Tuesday, February 25th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Stifel Nicolaus cut their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.48.

Brixmor Property Group Stock Performance

Shares of BRX stock traded up $0.39 during mid-day trading on Friday, reaching $24.44. The stock had a trading volume of 1,423,225 shares, compared to its average volume of 2,218,460. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 2.66 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The business's fifty day moving average is $26.25 and its 200-day moving average is $27.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate 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, research analysts forecast 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 will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. 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 4.71%. Brixmor Property Group's payout ratio is currently 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.