Balyasny Asset Management L.P. Grows Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Balyasny Asset Management L.P. increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 1,000.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 820,025 shares of the real estate investment trust's stock after purchasing an additional 745,497 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.27% of Brixmor Property Group worth $22,829,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BRX. Tidal Investments LLC purchased a new stake in Brixmor Property Group during the third quarter worth approximately $472,000. GAMMA Investing LLC boosted its stake in Brixmor Property Group by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 631 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Brixmor Property Group in the fourth quarter valued at $235,000. Park Avenue Securities LLC boosted its stake in Brixmor Property Group by 95.0% in 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 acquiring an additional 12,593 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Brixmor Property Group by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust's stock valued at $895,000 after acquiring an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

NYSE:BRX traded down $0.34 during mid-day trading on Tuesday, reaching $26.07. The stock had a trading volume of 280,110 shares, compared to its average volume of 2,184,870. Brixmor Property Group Inc. has a twelve month low of $21.32 and a twelve month high of $30.67. 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 firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.66 and a beta of 1.25. The business has a 50 day simple moving average of $25.46 and a 200 day simple moving average of $26.97.

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 the consensus estimate of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Brixmor Property Group's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company 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 $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 109.52%.

Analyst Ratings Changes

Several research firms have issued reports on BRX. Wells Fargo & Company decreased their price objective 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. 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 research note on Tuesday, February 11th. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lowered their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.40.

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.