Swiss National Bank Raises Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Swiss National Bank increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 592,700 shares of the real estate investment trust’s stock after acquiring an additional 4,600 shares during the quarter. Swiss National Bank’s holdings in Brixmor Property Group were worth $16,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BRX. KBC Group NV raised its holdings in shares of Brixmor Property Group by 14.3% during the third quarter. KBC Group NV now owns 7,157 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 897 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Brixmor Property Group during the third quarter valued at $247,000. Natixis Advisors LLC grew its position in Brixmor Property Group by 33.3% during the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 36,823 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 valued at $138,185,000 after buying an additional 159,388 shares during the period. Finally, Cerity Partners LLC grew its position in Brixmor Property Group by 34.5% during the third quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock valued at $740,000 after buying an additional 6,817 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

BRX has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Scotiabank dropped their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Finally, BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Stock Performance

BRX opened at $26.03 on Wednesday. The firm has a market capitalization of $7.96 billion, a PE ratio of 23.45, a PEG ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The firm’s 50-day moving average price is $26.66 and its 200 day moving average price is $27.62. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX) last posted its quarterly 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%. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared 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 of this dividend is Wednesday, April 2nd. This is a positive change 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 4.42%. Brixmor Property Group’s payout ratio is presently 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.