Millennium Management LLC Cuts Position in Brixmor Property Group Inc. (NYSE:BRX)

Millennium Management LLC lessened its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,176,012 shares of the real estate investment trust's stock after selling 2,967,837 shares during the quarter. Millennium Management LLC owned 0.39% of Brixmor Property Group worth $32,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC grew its stake in shares of 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 valued at $720,000 after purchasing an additional 12,593 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $620,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Brixmor Property Group by 38.4% in 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 buying an additional 60,567 shares during the last quarter. Invesco Ltd. grew its position in 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 valued at $160,038,000 after buying an additional 2,180,541 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at approximately $1,699,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

BRX has been the topic of several analyst reports. Stifel Nicolaus dropped 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 research note on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Mizuho cut their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Finally, Scotiabank cut their price objective 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 equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Brixmor Property Group Price Performance

BRX stock traded up $0.03 during midday trading on Thursday, hitting $24.82. The company's stock had a trading volume of 2,304,180 shares, compared to its average volume of 2,220,939. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67. The company has a 50 day moving average of $25.43 and a two-hundred day moving average of $26.90. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that Brixmor Property Group Inc. will post 2.22 EPS 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. Shareholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is currently 109.52%.

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.