Centiva Capital LP trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,593 shares of the real estate investment trust's stock after selling 24,626 shares during the quarter. Centiva Capital LP's holdings in Brixmor Property Group were worth $629,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted 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 acquiring an additional 521 shares during the period. Headlands Technologies LLC bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $26,000. UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 693 shares during the period. Finally, Quarry LP lifted its stake in shares of Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 533 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.
Brixmor Property Group Price Performance
Shares of NYSE BRX traded down $0.36 during mid-day trading on Tuesday, hitting $26.05. 2,189,565 shares of the stock were exchanged, compared to its average volume of 2,194,076. The company has a market cap of $7.97 billion, a P/E ratio of 23.47, a PEG ratio of 2.66 and a beta of 1.25. The stock's fifty day simple moving average is $25.46 and its two-hundred day simple moving average is $26.97. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a twelve month low of $21.32 and a twelve month high of $30.67.
Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.
Brixmor Property Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 109.52%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BRX. Mizuho reduced their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. 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 for the company in a research note on Wednesday, March 26th. Stifel Nicolaus cut their price target 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 target for the company in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.40.
Read Our Latest Stock Analysis on BRX
About Brixmor Property Group
(
Free Report)
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.
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