Hsbc Holdings PLC Has $9.51 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Hsbc Holdings PLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 72.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 342,370 shares of the real estate investment trust's stock after acquiring an additional 144,408 shares during the period. Hsbc Holdings PLC owned 0.11% of Brixmor Property Group worth $9,512,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in Brixmor Property Group in the 4th quarter worth about $110,205,000. Invesco Ltd. raised its position in Brixmor Property Group by 61.1% during 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 acquiring an additional 2,180,541 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Brixmor Property Group in the third quarter valued at approximately $25,492,000. ExodusPoint Capital Management LP bought a new stake in Brixmor Property Group in the fourth quarter worth approximately $20,271,000. Finally, Capital World Investors acquired a new position in shares of Brixmor Property Group during the 4th quarter worth $14,552,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BRX. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Wells Fargo & Company reduced their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. The Goldman Sachs Group decreased their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Four investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded up $0.26 during midday trading on Friday, reaching $25.68. The company's stock had a trading volume of 1,111,155 shares, compared to its average volume of 2,220,407. Brixmor Property Group Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $30.67. The business's fifty day simple moving average is $25.75 and its 200-day simple moving average is $27.10. 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 company has a market capitalization of $7.86 billion, a P/E ratio of 23.13, a P/E/G ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results 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 net margin of 26.40% and a return on equity of 11.72%. The business had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Brixmor Property Group's revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

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.