Jacobs Levy Equity Management Inc. Lowers Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Jacobs Levy Equity Management Inc. lowered its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 85.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,997 shares of the real estate investment trust's stock after selling 95,149 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Brixmor Property Group were worth $445,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BRX. Hudson Bay Capital Management LP grew its stake in shares of Brixmor Property Group by 109.3% in the 4th quarter. Hudson Bay Capital Management LP now owns 1,680,482 shares of the real estate investment trust's stock worth $46,785,000 after acquiring an additional 877,733 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of Brixmor Property Group by 7.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 185,161 shares of the real estate investment trust's stock worth $5,155,000 after buying an additional 12,632 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in Brixmor Property Group by 406.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after purchasing an additional 1,216,548 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Brixmor Property Group by 2.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 155,739 shares of the real estate investment trust's stock valued at $4,336,000 after buying an additional 3,517 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of 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 valued at $163,778,000 after buying an additional 1,404,034 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.8%

Brixmor Property Group 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 company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a market cap of $7.54 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The business's fifty day simple moving average is $25.38 and its 200 day simple moving average is $26.86. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, April 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 $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 company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. 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 is presently 109.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BRX shares. The Goldman Sachs Group decreased their price target 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. 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. Wells Fargo & Company reduced their price target on shares of 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. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.40.

About Brixmor Property Group

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.