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

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 28.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,880 shares of the real estate investment trust's stock after buying an additional 40,675 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Brixmor Property Group worth $4,325,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BRX. Deutsche Bank AG raised its stake in Brixmor Property Group by 1,073.3% during the third quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust's stock valued at $62,754,000 after purchasing an additional 2,762,529 shares in the last quarter. Invesco Ltd. raised its stake in shares of Brixmor Property Group by 22.8% in the third quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust's stock valued at $144,004,000 after acquiring an additional 1,288,656 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Brixmor Property Group by 9.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,918,610 shares of the real estate investment trust's stock valued at $268,449,000 after acquiring an additional 1,130,130 shares during the period. Wellington Management Group LLP raised its stake in shares of Brixmor Property Group by 9.7% in the third quarter. Wellington Management Group LLP now owns 10,521,686 shares of the real estate investment trust's stock valued at $218,641,000 after acquiring an additional 929,966 shares during the period. Finally, Strs Ohio raised its stake in shares of Brixmor Property Group by 126.8% in the third quarter. Strs Ohio now owns 1,332,975 shares of the real estate investment trust's stock valued at $27,699,000 after acquiring an additional 745,288 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Insider Buying and Selling

In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now directly owns 225,051 shares in the company, valued at $5,176,173. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares of the company's stock, valued at $925,487.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the sale, the insider now directly owns 225,051 shares of the company's stock, valued at $5,176,173. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating on the stock in a report on Wednesday, March 27th. Stifel Nicolaus upped their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a "hold" rating in a report on Tuesday, February 13th. Truist Financial reiterated a "buy" rating and set a $25.00 target price on shares of Brixmor Property Group in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brixmor Property Group in a report on Tuesday, January 30th. They set a "buy" rating and a $27.00 target price on the stock. Finally, Mizuho reiterated a "neutral" rating and set a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.38.

Brixmor Property Group Trading Up 1.2 %

NYSE BRX traded up $0.26 during trading hours on Monday, reaching $21.73. The company had a trading volume of 1,876,004 shares, compared to its average volume of 2,592,738. The stock has a 50-day moving average of $22.44 and a 200 day moving average of $22.15. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $6.55 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 2.59 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.27). The business had revenue of $316.49 million for the quarter, compared to analyst estimates of $311.77 million. Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.08 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 5.03%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date was Monday, April 1st. Brixmor Property Group's dividend payout ratio is presently 107.92%.

About Brixmor Property Group

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.