Brevan Howard Capital Management LP Boosts Position in Brixmor Property Group Inc. (NYSE:BRX)

Brevan Howard Capital Management LP increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 67.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,963 shares of the real estate investment trust's stock after purchasing an additional 12,478 shares during the period. Brevan Howard Capital Management LP's holdings in Brixmor Property Group were worth $862,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BRX. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its position 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 worth $26,000 after acquiring an additional 521 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at $26,000. UMB Bank n.a. lifted its holdings in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 693 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Brixmor Property Group by 39.0% during the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 1.4%

NYSE BRX traded down $0.36 during mid-day trading on Tuesday, hitting $26.05. The company's stock had a trading volume of 2,189,565 shares, compared to its average volume of 2,432,556. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a twelve month low of $21.32 and a twelve month high of $30.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company's 50 day simple moving average is $25.46 and its 200 day simple moving average is $26.97.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS 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 for the quarter, compared to analysts' expectations of $329.81 million. During the same period in the previous year, the business posted $0.54 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio is presently 109.52%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group cut 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 report on Thursday, May 1st. Mizuho reduced their price target 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. Stifel Nicolaus cut 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 research report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Wells Fargo & Company cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.40.

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.