Algert Global LLC Acquires 52,998 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Algert Global LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,316 shares of the real estate investment trust's stock after purchasing an additional 52,998 shares during the quarter. Algert Global LLC owned about 0.18% of Brixmor Property Group worth $14,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Brixmor Property Group in the 4th quarter valued at about $110,205,000. Northern Trust Corp boosted its holdings in shares of Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after acquiring an additional 2,388,264 shares in the last quarter. Invesco Ltd. boosted 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 valued at $160,038,000 after acquiring an additional 2,180,541 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $20,271,000. Finally, Capital World Investors bought a new stake in Brixmor Property Group during the fourth quarter worth approximately $14,552,000. Institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on BRX shares. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Mizuho reduced their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Scotiabank dropped their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus reduced their target price 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded down $0.15 during midday trading on Tuesday, hitting $25.15. 1,482,366 shares of the company were exchanged, compared to its average volume of 2,199,912. The firm has a 50 day simple moving average of $25.63 and a 200-day simple moving average of $27.04. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67. The firm has a market cap of $7.70 billion, a P/E ratio of 22.66, a PEG 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Brixmor Property Group's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share 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 paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.57%. Brixmor Property Group's dividend payout ratio (DPR) is currently 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.