Cibc World Markets Corp Has $5.35 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Cibc World Markets Corp grew its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 141.4% during the fourth quarter, Holdings Channel reports. The firm owned 192,257 shares of the real estate investment trust’s stock after acquiring an additional 112,619 shares during the quarter. Cibc World Markets Corp’s holdings in Brixmor Property Group were worth $5,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP lifted its stake in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the period. US Bancorp DE raised its stake in Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 405 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after buying an additional 434 shares during the period. Janney Montgomery Scott LLC raised its stake in Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 441 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 511 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRX has been the topic of a number of research reports. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Stifel Nicolaus dropped their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. 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 note on Tuesday, February 11th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group Stock Performance

BRX stock opened at $26.04 on Thursday. The firm has a market cap of $7.96 billion, a PE ratio of 23.45, a P/E/G ratio of 2.66 and a beta of 1.59. 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 business has a 50 day moving average of $26.65 and a 200-day moving average of $27.61. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued 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 annualized dividend and a dividend yield of 4.42%. Brixmor Property Group’s dividend payout ratio is currently 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.