Handelsbanken Fonder AB Acquires 3,800 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Handelsbanken Fonder AB increased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 4.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,300 shares of the real estate investment trust’s stock after buying an additional 3,800 shares during the period. Handelsbanken Fonder AB’s holdings in Brixmor Property Group were worth $2,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Brixmor Property Group in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new position in Brixmor Property Group in the fourth quarter worth $26,000. Quarry LP grew its holdings in Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 533 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,140 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. The Goldman Sachs Group cut their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. Finally, Mizuho cut their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.30.

Brixmor Property Group Price Performance

Shares of BRX opened at $25.59 on Friday. The firm has a market capitalization of $7.83 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. Brixmor Property Group Inc. has a 1-year low of $22.09 and a 1-year high of $30.67. The company’s fifty day moving average price is $25.33 and its 200-day moving average price is $26.46.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.49%. Brixmor Property Group’s dividend payout ratio is presently 109.52%.

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.