Cibc World Markets Corp Has $5.35 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Cibc World Markets Corp increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 141.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,257 shares of the real estate investment trust’s stock after purchasing an additional 112,619 shares during the period. Cibc World Markets Corp owned approximately 0.06% of Brixmor Property Group worth $5,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 521 shares in the last quarter. Quarry LP raised its holdings in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 364 shares in the last quarter. UMB Bank n.a. raised its holdings in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings 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 valued at $54,000 after acquiring an additional 1,140 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRX has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective 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. Mizuho decreased their price target on 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. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, Scotiabank decreased their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research note 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Trading Down 0.1 %

Shares of BRX stock opened at $26.04 on Thursday. The firm has a market capitalization of $7.96 billion, a P/E ratio of 23.45, a P/E/G 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 company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock’s fifty day simple moving average is $26.65 and its 200 day simple moving average is $27.61.

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

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend 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.