Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

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 stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 6.9% in the first 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 acquiring an additional 15,002 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of Brixmor Property Group worth $6,190,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BRX. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at about $26,000. Quarry LP grew its holdings in 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 buying an additional 533 shares in the last quarter. Blue Trust Inc. grew its holdings in Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 709 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in Brixmor Property Group in the 4th quarter worth approximately $71,000. Finally, UMB Bank n.a. raised its holdings in shares of Brixmor Property Group by 66.3% during the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock worth $72,000 after acquiring an additional 1,085 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price 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. Mizuho raised shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective for the company in a research note on Thursday, July 17th. The Goldman Sachs Group decreased 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. Scotiabank dropped 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. Finally, UBS Group assumed coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.08.

Brixmor Property Group Trading Down 2.6%

BRX stock traded down $0.68 during mid-day trading on Friday, reaching $25.45. The company had a trading volume of 2,148,979 shares, compared to its average volume of 2,440,914. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The company has a market capitalization of $7.79 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.70 and a beta of 1.29. The firm has a 50 day moving average of $25.69 and a 200 day moving average of $25.90. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS 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 analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's payout ratio 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.