Crestline Management LP Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

Crestline Management LP acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 44,297 shares of the real estate investment trust's stock, valued at approximately $1,233,000.

A number of other large investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board raised its stake in Brixmor Property Group by 6.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock valued at $216,930,000 after buying an additional 467,146 shares during the last quarter. Invesco Ltd. raised its stake in Brixmor Property Group by 61.1% during 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 buying an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC raised its stake in Brixmor Property Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock valued at $157,450,000 after buying an additional 38,911 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Brixmor Property Group by 7.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after buying an additional 393,317 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Brixmor Property Group by 96.2% during 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 buying an additional 2,388,264 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

BRX has been the topic of a number of research analyst reports. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. 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. Wells Fargo & Company lowered their price target on 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. Scotiabank cut their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday. Finally, Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four 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.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Brixmor Property Group Trading Down 1.4%

BRX stock traded down $0.36 during midday trading on Tuesday, reaching $26.05. 2,189,565 shares of the company traded hands, compared to its average volume of 2,192,415. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week 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 business has a 50 day moving average of $25.46 and a 200-day moving average of $26.97. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, sell-side 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 firm 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 dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.41%. Brixmor Property Group's dividend payout ratio is 109.52%.

Brixmor Property Group Company 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.