Fairtree Asset Management Pty Ltd Takes $555,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

Fairtree Asset Management Pty Ltd purchased a new position 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 Securities and Exchange Commission. The firm purchased 19,929 shares of the real estate investment trust's stock, valued at approximately $555,000.

A number of other hedge funds have also recently modified their holdings of BRX. Proficio Capital Partners LLC purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $620,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Brixmor Property Group by 38.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock valued at $6,073,000 after purchasing an additional 60,567 shares during the period. Invesco Ltd. raised its holdings in Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after purchasing an additional 2,180,541 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Brixmor Property Group in the 4th quarter worth $1,699,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Brixmor Property Group in the 4th quarter worth about $5,549,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.7%

Shares of NYSE BRX traded down $0.19 during trading on Friday, reaching $25.42. The company had a trading volume of 2,572,349 shares, compared to its average volume of 2,235,675. Brixmor Property Group Inc. has a 12-month low of $22.02 and a 12-month high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The business's 50-day moving average is $25.31 and its 200 day moving average is $26.72. The stock has a market cap of $7.78 billion, a PE ratio of 22.90, a P/E/G ratio of 2.66 and a beta of 1.25.

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

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 4.52%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 109.52%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRX. Scotiabank reduced their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. 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. 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 report on Tuesday, February 11th. Wells Fargo & Company dropped their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.30.

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.