19,929 Shares in Brixmor Property Group Inc. (NYSE:BRX) Acquired by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,929 shares of the real estate investment trust's stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its stake in Brixmor Property Group by 5.3% in the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock valued at $1,710,000 after acquiring an additional 434 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after acquiring an additional 441 shares during the period. CIBC Asset Management Inc lifted its position in shares of Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock valued at $261,000 after acquiring an additional 511 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX traded up $0.52 during mid-day trading on Thursday, hitting $25.62. The company had a trading volume of 3,291,114 shares, compared to its average volume of 2,236,822. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 1 year low of $21.57 and a 1 year high of $30.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock's 50-day moving average price is $25.32 and its 200-day moving average price is $26.76.

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 (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $337.51 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 yield of 4.49%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 109.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BRX shares. The Goldman Sachs Group lowered their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Mizuho reduced their price target on 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. Stifel Nicolaus reduced their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company decreased their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, Scotiabank decreased their target price on 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. Four 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.40.

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.