KBC Group NV Has $333,000 Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

KBC Group NV boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 15.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,551 shares of the real estate investment trust’s stock after acquiring an additional 1,692 shares during the period. KBC Group NV’s holdings in Brixmor Property Group were worth $333,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $620,000. US Bancorp DE boosted its stake in Brixmor Property Group by 5.3% during the fourth 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 in the last quarter. Smartleaf Asset Management LLC increased 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 during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Brixmor Property Group by 54.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 885 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Brixmor Property Group by 3.7% during the 4th quarter. M&T Bank Corp now owns 167,928 shares of the real estate investment trust’s stock worth $4,675,000 after acquiring an additional 6,002 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

BRX has been the topic of a number of analyst reports. UBS Group started coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a “buy” rating and a $29.00 target price on the stock. The Goldman Sachs Group lowered their price objective on 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. Wells Fargo & Company cut their target price on 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. Finally, Scotiabank decreased their price target on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average target price of $30.30.

Brixmor Property Group Stock Up 0.6%

Shares of NYSE:BRX opened at $26.01 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The firm has a market cap of $7.96 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.70 and a beta of 1.23. Brixmor Property Group Inc. has a 12 month low of $22.29 and a 12 month high of $30.67. The company’s 50-day moving average price is $25.58 and its two-hundred day moving average price is $26.08.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $337.51 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.42%. Brixmor Property Group’s payout ratio is presently 109.52%.

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.