ING Groep NV Boosts Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• ING Groep NV increased its stake in Brixmor Property Group by 66.0%, owning 534,000 shares worth $14.18 million after acquiring an additional 212,400 shares in the first quarter.
• Brixmor Property Group recently reported $0.56 EPS for the last quarter, exceeding analysts' expectations, and revenue was up 7.5% year-over-year at $339.4 million.
• The company announced a quarterly dividend of $0.2875 per share to be paid on October 15th, with a current dividend yield of 4.4%.

ING Groep NV lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 66.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 534,000 shares of the real estate investment trust's stock after acquiring an additional 212,400 shares during the period. ING Groep NV owned 0.17% of Brixmor Property Group worth $14,178,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BRX. Canada Pension Plan Investment Board raised its holdings in Brixmor Property Group by 6.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after purchasing an additional 467,146 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock valued at $163,778,000 after purchasing an additional 1,404,034 shares during the last quarter. Invesco Ltd. increased its position in shares of Brixmor Property Group by 61.1% in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brixmor Property Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock valued at $157,450,000 after purchasing an additional 38,911 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Brixmor Property Group by 7.8% in 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 purchasing an additional 393,317 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Trading Down 1.7%

Shares of Brixmor Property Group stock traded down $0.45 on Thursday, reaching $26.07. 2,028,058 shares of the company's stock were exchanged, compared to its average volume of 2,355,803. The firm's 50-day moving average is $25.78 and its two-hundred day moving average is $25.89. The company has a market capitalization of $7.98 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 2.74 and a beta of 1.29. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 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. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%. The business had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company's quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is 104.55%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Scotiabank reduced their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. UBS Group assumed coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target for the company. Stifel Nicolaus reduced their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. Finally, Mizuho upgraded Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target on the stock in a report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Brixmor Property Group has an average rating of "Moderate Buy" and an average price target of $30.08.

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.