Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 375.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,200 shares of the real estate investment trust's stock after acquiring an additional 62,551 shares during the quarter. Point72 Asset Management L.P.'s holdings in Brixmor Property Group were worth $2,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its position in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter worth about $26,000. UMB Bank n.a. boosted its position in Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 693 shares during the last quarter. Finally, Quarry LP boosted its position in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BRX shares. Stifel Nicolaus decreased their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Scotiabank lowered their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Tuesday, February 11th. Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company cut 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 report on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.40.

Brixmor Property Group Stock Down 0.8%

Shares of BRX stock traded down $0.19 during trading on Monday, reaching $24.64. The company's stock had a trading volume of 2,321,620 shares, compared to its average volume of 2,228,719. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The stock's 50-day moving average price is $25.38 and its 200 day moving average price is $26.84. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

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 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 business had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. On average, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is presently 109.52%.

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.