Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 85.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its stake in Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock worth $720,000 after buying an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $620,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Brixmor Property Group by 38.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock worth $6,073,000 after acquiring an additional 60,567 shares during the last quarter. Invesco Ltd. grew its position in shares of Brixmor Property Group by 61.1% during the fourth 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 last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at $1,699,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

BRX traded up $0.12 during trading on Thursday, reaching $24.91. The company's stock had a trading volume of 1,200,048 shares, compared to its average volume of 2,446,452. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The company's fifty day moving average price is $25.43 and its 200-day moving average price is $26.90. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results 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. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. During the same period last year, the firm earned $0.54 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 109.52%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Scotiabank decreased their price target on shares of 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. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $28.00 to $33.00 in a research note 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 on the stock in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Four equities research 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 an average price target 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.