Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,145 shares of the real estate investment trust's stock after buying an additional 60,567 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Brixmor Property Group worth $6,073,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Brixmor Property Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust's stock worth $156,473,000 after acquiring an additional 44,485 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock worth $138,185,000 after purchasing an additional 159,388 shares in the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock worth $86,499,000 after purchasing an additional 959,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Brixmor Property Group by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust's stock valued at $65,900,000 after purchasing an additional 79,778 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in Brixmor Property Group during the third quarter valued at approximately $46,695,000. 98.43% of the stock is currently owned by institutional investors.

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Brixmor Property Group Trading Up 0.3 %

BRX stock traded up $0.08 during trading on Tuesday, reaching $26.03. The company had a trading volume of 2,147,033 shares, compared to its average volume of 2,111,669. 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 52 week low of $20.80 and a 52 week high of $30.67. The business has a 50 day moving average of $26.66 and a 200 day moving average of $27.63. The company has a market cap of $7.96 billion, a P/E ratio of 23.45, a PEG ratio of 2.66 and a beta of 1.59.

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, topping 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%. As a group, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's payout ratio is 103.60%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Mizuho cut their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company reduced their price objective on Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.56.

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.