Adage Capital Partners GP L.L.C. Has $12.53 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Adage Capital Partners GP L.L.C. decreased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 450,000 shares of the real estate investment trust's stock after selling 315,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.15% of Brixmor Property Group worth $12,528,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock valued at $225,000 after acquiring an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock valued at $1,710,000 after acquiring an additional 434 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 441 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Brixmor Property Group by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock valued at $261,000 after acquiring an additional 511 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Brixmor Property Group by 124.9% during the fourth 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. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

BRX traded up $0.54 during trading hours on Thursday, reaching $25.45. The company's stock had a trading volume of 2,668,810 shares, compared to its average volume of 2,223,409. The firm has a market cap of $7.78 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company's 50-day moving average is $25.79 and its 200-day moving average is $27.11. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67.

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

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio is presently 103.60%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank reduced their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group dropped their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group 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.