Brixmor Property Group Inc. (NYSE:BRX) Stock Position Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and 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 approximately 0.29% of Brixmor Property Group worth $24,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 693 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after purchasing an additional 441 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of Brixmor Property Group by 15.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the real estate investment trust's stock worth $306,000 after buying an additional 1,472 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Brixmor Property Group by 29.5% in the 4th quarter. Blue Trust Inc. now owns 3,683 shares of the real estate investment trust's stock worth $103,000 after buying an additional 839 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Brixmor Property Group by 51.7% in the fourth quarter. KBC Group NV now owns 10,859 shares of the real estate investment trust's stock valued at $302,000 after buying an additional 3,702 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Scotiabank reduced their price objective on shares of 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. Mizuho lowered their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. UBS Group began coverage on shares of Brixmor Property Group in a research note on Friday. They set a "buy" rating and a $29.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.30.

Brixmor Property Group Trading Down 0.9%

Brixmor Property Group stock traded down $0.24 during midday trading on Friday, reaching $25.37. The stock had a trading volume of 724,571 shares, compared to its average volume of 2,230,943. Brixmor Property Group Inc. has a twelve month low of $21.57 and a twelve month high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.66 and a beta of 1.25. The firm's fifty day simple moving average is $25.32 and its two-hundred day simple moving average is $26.76.

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. 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 during the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.53%. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.

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.