BNP Paribas Financial Markets Decreases Holdings in Brixmor Property Group Inc. (NYSE:BRX)

BNP Paribas Financial Markets reduced its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,272 shares of the real estate investment trust's stock after selling 95,602 shares during the period. BNP Paribas Financial Markets owned 0.06% of Brixmor Property Group worth $4,685,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its holdings in shares of Brixmor Property Group by 6.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock valued at $216,930,000 after purchasing an additional 467,146 shares during the last quarter. Invesco Ltd. increased its stake in Brixmor Property Group by 61.1% during the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after acquiring an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC increased its stake in Brixmor Property Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after acquiring an additional 38,911 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Brixmor Property Group by 7.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock worth $151,155,000 after acquiring an additional 393,317 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Brixmor Property Group by 96.2% during the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after acquiring an additional 2,388,264 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Mizuho lowered their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, Scotiabank lowered their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Brixmor Property Group Stock Up 1.6%

NYSE:BRX traded up $0.42 during midday trading on Friday, reaching $26.57. The company had a trading volume of 1,450,051 shares, compared to its average volume of 2,189,185. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.66 and a beta of 1.25. The stock's fifty day simple moving average is $25.43 and its 200-day simple moving average is $26.94. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. 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 (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Brixmor Property Group's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.33%. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.

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.