Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 875,964 shares of the real estate investment trust's stock after buying an additional 243,345 shares during the period. Mackenzie Financial Corp owned about 0.29% of Brixmor Property Group worth $24,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at $620,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Brixmor Property Group by 38.4% in the fourth 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 during the period. Invesco Ltd. boosted its holdings in 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 valued at $160,038,000 after purchasing an additional 2,180,541 shares during the period. Wealthfront Advisers LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at $1,699,000. Finally, Raymond James Financial Inc. purchased a new position in Brixmor Property Group in the fourth quarter valued at $5,549,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRX has been the subject of a number of recent analyst reports. 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 dropped their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. The Goldman Sachs Group dropped their target price on 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. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Four equities research 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, the company has a consensus rating of "Moderate Buy" and an average price target of $30.40.

Brixmor Property Group Trading Up 2.1%

Shares of BRX stock traded up $0.52 on Thursday, reaching $25.62. 3,291,114 shares of the stock were exchanged, compared to its average volume of 2,234,179. The stock has a market cap of $7.84 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. 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 moving average of $25.33 and a two-hundred day moving average of $26.78. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 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 company had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same period last year, the company posted $0.54 earnings per share. The firm's revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.49%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) 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.