CIBC Asset Management Inc Increases Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

CIBC Asset Management Inc boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,363 shares of the real estate investment trust’s stock after acquiring an additional 511 shares during the quarter. CIBC Asset Management Inc’s holdings in Brixmor Property Group were worth $261,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Brixmor Property Group by 6.0% in the third quarter. Creative Planning now owns 15,491 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 876 shares during the period. Blue Trust Inc. increased its stake in Brixmor Property Group by 103.7% during the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,448 shares during the period. Raymond James & Associates lifted its holdings in Brixmor Property Group by 633.0% in the 3rd quarter. Raymond James & Associates now owns 97,728 shares of the real estate investment trust’s stock worth $2,723,000 after buying an additional 84,395 shares in the last quarter. Ballentine Partners LLC boosted its position in Brixmor Property Group by 13.5% in the 3rd quarter. Ballentine Partners LLC now owns 11,013 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 1,311 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Brixmor Property Group by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,695 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 3,017 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $27.39 on Tuesday. 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’s 50-day moving average price is $26.92 and its two-hundred day moving average price is $27.59. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The stock has a market capitalization of $8.38 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.66 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results 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%. As a group, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current 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 issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Analysts Set New Price Targets

A number of research analysts recently commented on BRX shares. Stifel Nicolaus reduced 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. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. KeyCorp raised their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.87.

Brixmor Property Group Company 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.