Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Brixmor Property Group Inc. (NYSE:BRX)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,145 shares of the real estate investment trust’s stock after purchasing an additional 60,567 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Brixmor Property Group worth $6,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BRX. V Square Quantitative Management LLC bought a new position in Brixmor Property Group during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its holdings in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 521 shares during the last quarter. Quarry LP lifted its position in Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the period. UMB Bank n.a. boosted its holdings in Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,140 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Mizuho lowered 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 note on Tuesday, February 25th. Finally, Scotiabank dropped their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Trading Up 1.0 %

Shares of BRX opened at $25.50 on Friday. The firm has a market cap of $7.80 billion, a P/E ratio of 22.97, a price-to-earnings-growth 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 1 year low of $20.80 and a 1 year high of $30.67. The company has a 50 day simple moving average of $26.72 and a two-hundred day simple moving average of $27.65.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating 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, equities analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company 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 $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 dividend yield of 4.51%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is currently 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.