ING Groep NV Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

ING Groep NV grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 164.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 321,600 shares of the real estate investment trust’s stock after purchasing an additional 200,000 shares during the period. ING Groep NV owned approximately 0.11% of Brixmor Property Group worth $8,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of Brixmor Property Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock valued at $156,473,000 after purchasing an additional 44,485 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Brixmor Property Group by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after acquiring an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI increased its position in shares of Brixmor Property Group by 44.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after acquiring an additional 959,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Brixmor Property Group by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock valued at $65,900,000 after acquiring an additional 79,778 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Brixmor Property Group in the 3rd quarter valued at $46,695,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRX. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and upped their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company cut their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Mizuho increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp increased their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus target price of $30.87.

Brixmor Property Group Price Performance

NYSE:BRX opened at $27.29 on Friday. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $8.35 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.58. The stock’s 50-day moving average price is $26.95 and its 200-day moving average price is $27.54.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.21%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Brixmor Property Group 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.