Healthcare of Ontario Pension Plan Trust Fund Invests $14.36 Million in Brixmor Property Group Inc. $BRX

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 498,474 shares of the real estate investment trust’s stock, valued at approximately $14,356,000.

Several other large investors have also bought and sold shares of BRX. Clearstead Advisors LLC grew its holdings in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 495 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Brixmor Property Group in the 1st quarter valued at about $26,000. Loomis Sayles & Co. L P lifted its holdings in Brixmor Property Group by 1,215.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,130 shares during the last quarter. SHP Wealth Management bought a new position in shares of Brixmor Property Group during the 4th quarter valued at about $34,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at about $42,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.3%

Shares of NYSE:BRX opened at $32.34 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $9.92 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $32.86. The firm has a 50 day simple moving average of $31.38 and a 200 day simple moving average of $29.76.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The firm had revenue of $354.82 million for the quarter, compared to analysts’ expectations of $349.43 million. During the same period in the previous year, the company posted $0.56 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.8%. Brixmor Property Group’s dividend payout ratio is presently 85.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. UBS Group lifted their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Finally, BMO Capital Markets increased their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $33.75.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.