Point72 Asset Management L.P. Boosts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Point72 Asset Management L.P. increased its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 375.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 79,200 shares of the real estate investment trust's stock after buying an additional 62,551 shares during the period. Point72 Asset Management L.P.'s holdings in Brixmor Property Group were worth $2,205,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BRX. V Square Quantitative Management LLC acquired a new stake in Brixmor Property Group during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares during the period. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group during the 4th quarter worth about $26,000. UMB Bank n.a. increased its position in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares in the last quarter. Finally, Quarry LP lifted its holdings in Brixmor Property Group by 39.0% during the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 533 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on BRX. Wells Fargo & Company lowered 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 report on Wednesday, March 26th. 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 report on Tuesday, February 25th. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Scotiabank dropped their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average target price of $30.40.

Brixmor Property Group Trading Down 0.8%

Shares of BRX stock traded down $0.19 on Friday, hitting $24.64. 2,321,620 shares of the stock traded hands, compared to its average volume of 2,226,978. The firm's 50-day moving average price is $25.38 and its two-hundred day moving average price is $26.86. 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 stock has a market capitalization of $7.54 billion, a PE ratio of 22.20, a PEG ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results 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. The firm had revenue of $337.51 million for 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 business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared 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. This represents a $1.15 annualized dividend and a dividend yield of 4.67%. 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.