Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• Zurcher Kantonalbank increased its holdings in Brixmor Property Group by 6.9% in Q1, owning approximately 233,147 shares valued at $6.19 million.
• Brixmor Property Group recently announced a quarterly dividend of $0.2875, with a yield of 4.33% and a payout ratio of 109.52%.
• Analysts have a consensus rating of "Moderate Buy" for Brixmor Property Group, with an average target price of $30.14, despite recent price target reductions from several institutions.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 233,147 shares of the real estate investment trust's stock after purchasing an additional 15,002 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Brixmor Property Group worth $6,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $26,000. Quarry LP grew its position in shares of Brixmor Property Group by 39.0% during the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares during the period. Blue Trust Inc. boosted its holdings in Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after buying an additional 709 shares during the period. Fourth Dimension Wealth LLC bought a new position in Brixmor Property Group in the 4th quarter worth approximately $71,000. Finally, UMB Bank n.a. boosted its holdings in Brixmor Property Group by 66.3% in the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock worth $72,000 after buying an additional 1,085 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRX has been the subject of several analyst reports. Scotiabank cut 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 report on Monday, May 12th. Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. UBS Group initiated coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective for the company. The Goldman Sachs Group cut their price objective 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. Finally, Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price on the stock in a research note 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. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average price target of $30.08.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded down $0.68 on Friday, hitting $25.45. 2,148,979 shares of the company traded hands, compared to its average volume of 2,440,914. The firm's 50-day simple moving average is $25.69 and its 200 day simple moving average is $25.89. The company has a current ratio of 0.74, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73. The company has a market cap of $7.79 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.64 and a beta of 1.29. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. Analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

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.