Cubist Systematic Strategies LLC Has $10.94 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Cubist Systematic Strategies LLC raised its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 399.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,080 shares of the real estate investment trust's stock after acquiring an additional 314,414 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.13% of Brixmor Property Group worth $10,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in Brixmor Property Group by 80.0% during the fourth quarter. Cetera Investment Advisers now owns 39,113 shares of the real estate investment trust's stock worth $1,089,000 after purchasing an additional 17,381 shares during the period. Brevan Howard Capital Management LP lifted its holdings in shares of Brixmor Property Group by 67.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 30,963 shares of the real estate investment trust's stock worth $862,000 after acquiring an additional 12,478 shares during the period. Bridgefront Capital LLC bought a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $502,000. Captrust Financial Advisors boosted its position in shares of Brixmor Property Group by 37.6% during the 4th quarter. Captrust Financial Advisors now owns 2,306,023 shares of the real estate investment trust's stock worth $64,200,000 after acquiring an additional 629,953 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Brixmor Property Group by 1,000.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 820,025 shares of the real estate investment trust's stock valued at $22,829,000 after acquiring an additional 745,497 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BRX. Mizuho reduced their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. The Goldman Sachs Group dropped their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock 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 research note on Friday, February 14th. Finally, 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 on the stock in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.40.

Brixmor Property Group Trading Up 4.4%

Shares of NYSE BRX traded up $1.10 during trading on Monday, reaching $26.27. The company had a trading volume of 629,065 shares, compared to its average volume of 2,186,108. The stock has a market cap of $8.04 billion, a P/E ratio of 23.68, a PEG ratio of 2.66 and a beta of 1.25. The company's fifty day moving average price is $25.47 and its 200-day moving average price is $26.98. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.

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.