Y Intercept Hong Kong Ltd Sells 15,879 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• Y Intercept Hong Kong Ltd reduced its stake in Brixmor Property Group Inc. by 31.5% in Q1, now owning 34,551 shares valued at approximately $917,000.
• Several hedge funds have increased their holdings, with Norges Bank acquiring a new stake worth $110 million and Northern Trust Corp increasing its stake by 96.2%.
• Brixmor reported a quarterly EPS of $0.56, exceeding estimates, and has recently announced a quarterly dividend with a yield of 4.49%.

Y Intercept Hong Kong Ltd lowered its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 31.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,551 shares of the real estate investment trust's stock after selling 15,879 shares during the period. Y Intercept Hong Kong Ltd's holdings in Brixmor Property Group were worth $917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board grew its holdings in Brixmor Property Group by 6.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after acquiring an additional 467,146 shares during the period. Deutsche Bank AG grew its holdings in Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after acquiring an additional 1,404,034 shares during the period. Invesco Ltd. grew its holdings in Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after acquiring an additional 2,180,541 shares during the period. Geode Capital Management LLC grew its holdings in Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after acquiring an additional 38,911 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Brixmor Property Group by 7.8% during the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock worth $151,155,000 after acquiring an additional 393,317 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Up 2.0%

BRX traded up $0.51 during trading on Tuesday, hitting $26.05. The company had a trading volume of 949,354 shares, compared to its average volume of 2,409,307. The company has a market capitalization of $7.97 billion, a PE ratio of 24.78, a PEG ratio of 2.66 and a beta of 1.23. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67. The firm's 50-day moving average price is $25.60 and its 200 day moving average price is $25.90. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, July 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 $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on BRX shares. The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus lowered their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday. Scotiabank lowered their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Mizuho raised shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price for the company in a report on Thursday, July 17th. Finally, UBS Group began coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.14.

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.