Brixmor Property Group Inc. (NYSE:BRX) Stake Boosted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 163.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,826 shares of the real estate investment trust’s stock after purchasing an additional 7,950 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Brixmor Property Group were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BRX. Geode Capital Management LLC boosted its position in Brixmor Property Group by 0.8% during 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 period. Charles Schwab Investment Management Inc. boosted its position in Brixmor Property Group by 3.3% during the 3rd 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 acquiring an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI boosted its position in Brixmor Property Group by 44.7% during the 3rd 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 acquiring an additional 959,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Brixmor Property Group by 3.5% during the 3rd 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 worth $65,900,000 after acquiring an additional 79,778 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Brixmor Property Group during the 3rd quarter worth about $46,695,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BRX. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. 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 report on Tuesday, February 11th. 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 report on Friday, February 28th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $25.61 on Friday. 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 business’s 50 day moving average is $26.64 and its two-hundred day moving average is $27.59. The company has a market cap of $7.83 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 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%. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.49%. 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.