KLP Kapitalforvaltning AS Acquires New Position in Brixmor Property Group Inc. (NYSE:BRX)

KLP Kapitalforvaltning AS bought a new position in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 64,100 shares of the real estate investment trust’s stock, valued at approximately $1,785,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares in the last quarter. Quarry LP grew its holdings in 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 buying an additional 364 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,140 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.4 %

Shares of NYSE:BRX opened at $26.25 on Friday. The firm has a market capitalization of $8.03 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. 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 firm’s 50-day moving average is $26.62 and its two-hundred day moving average is $27.55.

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, topping analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 dividend on an annualized basis and a yield of 4.38%. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Wall Street Analyst Weigh In

BRX has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday. Scotiabank lowered their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report 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 company from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.48.

About Brixmor Property Group

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.