BNP Paribas Financial Markets Reduces Position in Brixmor Property Group Inc. (NYSE:BRX)

BNP Paribas Financial Markets decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 168,272 shares of the real estate investment trust’s stock after selling 95,602 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Brixmor Property Group worth $4,685,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRX. Park Avenue Securities LLC raised its holdings in Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 12,593 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter worth about $620,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Brixmor Property Group by 38.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock valued at $6,073,000 after purchasing an additional 60,567 shares in the last quarter. Invesco Ltd. raised its position in shares of Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after acquiring an additional 2,180,541 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Brixmor Property Group during the fourth quarter worth $1,699,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Brixmor Property Group Trading Down 1.4%

Shares of NYSE BRX opened at $26.05 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The business has a 50-day moving average price of $25.44 and a two-hundred day moving average price of $26.97. The firm has a market capitalization of $7.97 billion, a PE ratio of 23.47, a PEG ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. As a group, analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s dividend payout ratio is presently 109.52%.

About Brixmor Property Group

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.