Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by KBC Group NV

KBC Group NV increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 14.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,157 shares of the real estate investment trust’s stock after purchasing an additional 897 shares during the period. KBC Group NV’s holdings in Brixmor Property Group were worth $199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares during the period. Maryland Capital Advisors Inc. acquired a new stake in shares of Brixmor Property Group during the third quarter worth $46,000. Abich Financial Wealth Management LLC grew its position in shares of Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 775 shares during the period. Finally, Fifth Third Bancorp increased its stake in Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $29.64 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.72. The firm has a 50-day simple moving average of $27.93 and a 200 day simple moving average of $25.37. The company has a market cap of $8.95 billion, a PE ratio of 27.44, a P/E/G ratio of 3.93 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. During the same period in the previous year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 100.93%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BRX. Scotiabank boosted their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Stifel Nicolaus increased their target price on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group upped their price target on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, KeyCorp lifted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.13.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.