Fifth Third Bancorp Boosts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Fifth Third Bancorp increased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 54.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,609 shares of the real estate investment trust’s stock after purchasing an additional 1,628 shares during the period. Fifth Third Bancorp’s holdings in Brixmor Property Group were worth $122,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its stake in Brixmor Property Group by 6.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after purchasing an additional 467,146 shares in the last quarter. Deutsche Bank AG increased its position in Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after acquiring an additional 1,404,034 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Brixmor Property Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock worth $157,450,000 after purchasing an additional 38,911 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Brixmor Property Group by 7.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust’s stock worth $151,155,000 after purchasing an additional 393,317 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BRX. Scotiabank dropped their target price 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. Wells Fargo & Company decreased 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, March 26th. UBS Group started coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a “buy” rating and a $29.00 price target on the stock. 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.30.

Brixmor Property Group Trading Up 1.3%

Shares of BRX stock opened at $25.78 on Friday. The stock’s fifty day moving average is $25.45 and its two-hundred day moving average is $26.34. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $7.89 billion, a P/E ratio of 24.55, a PEG ratio of 2.68 and a beta of 1.25. Brixmor Property Group Inc. has a fifty-two week low of $22.09 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.46%. 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.