Bridgefront Capital LLC Purchases New Position in Brixmor Property Group Inc. (NYSE:BRX)

Bridgefront Capital LLC acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,033 shares of the real estate investment trust's stock, valued at approximately $502,000.

Other large investors have also recently modified their holdings of the company. Park Avenue Securities LLC increased its stake in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock valued at $720,000 after buying an additional 12,593 shares during the period. Proficio Capital Partners LLC bought a new position in Brixmor Property Group in the 4th quarter worth $620,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Brixmor Property Group by 38.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock valued at $6,073,000 after purchasing an additional 60,567 shares in the last quarter. Invesco Ltd. raised its stake in 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 worth $160,038,000 after buying an additional 2,180,541 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Brixmor Property Group in the fourth quarter worth about $1,699,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

BRX traded up $0.06 during midday trading on Friday, hitting $25.17. 1,594,488 shares of the company traded hands, compared to its average volume of 2,192,177. The company's 50-day moving average is $25.47 and its 200 day moving average is $26.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $7.70 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. 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, beating 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 the consensus estimate of $329.81 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. Brixmor Property Group's revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 4.57%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 109.52%.

Analysts Set New Price Targets

BRX has been the subject of several research reports. Stifel Nicolaus decreased their target price on 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. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Mizuho dropped their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.