KLP Kapitalforvaltning AS Invests $1.79 Million in Brixmor Property Group Inc. (NYSE:BRX)

KLP Kapitalforvaltning AS bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 64,100 shares of the real estate investment trust’s stock, valued at approximately $1,785,000.

A number of other large investors have also recently bought and sold shares of BRX. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its stake in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the period. Quarry LP raised its holdings in shares of 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 worth $38,000 after purchasing an additional 364 shares during the last quarter. UMB Bank n.a. lifted its position in Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 693 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.4 %

BRX stock opened at $26.25 on Friday. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week 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 firm has a 50-day simple moving average of $26.62 and a 200-day simple moving average of $27.55. The stock has a market capitalization of $8.03 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (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%. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.2875 dividend. 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 4.38%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BRX. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Scotiabank lowered their price objective on 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. Wells Fargo & Company cut their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

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.