Graham Capital Management L.P. Reduces Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Graham Capital Management L.P. trimmed its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 92.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,895 shares of the real estate investment trust's stock after selling 122,561 shares during the quarter. Graham Capital Management L.P.'s holdings in Brixmor Property Group were worth $275,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in 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. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group in the 4th quarter valued at $26,000. UMB Bank n.a. increased its stake in shares of Brixmor Property Group by 73.5% in 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 period. Finally, Quarry LP increased its stake in shares of Brixmor Property Group by 39.0% in 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 period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BRX has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Scotiabank decreased their price objective on 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. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group lowered their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.40.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded down $0.74 on Wednesday, reaching $24.84. The company's stock had a trading volume of 2,512,916 shares, compared to its average volume of 2,216,285. 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 company has a market capitalization of $7.60 billion, a P/E ratio of 22.37, a PEG ratio of 2.66 and a beta of 1.25. The stock has a 50-day moving average price of $25.44 and a 200-day moving average price of $26.92. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm 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%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.63%. Brixmor Property Group's dividend payout ratio is currently 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.