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

Millennium Management LLC trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 71.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.39% of Brixmor Property Group worth $32,740,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BRX. V Square Quantitative Management LLC purchased a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its stake in Brixmor Property Group by 124.9% in 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 acquired a new stake in Brixmor Property Group in the 4th quarter valued at $26,000. UMB Bank n.a. grew its stake in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 693 shares during the period. Finally, Quarry LP grew its stake in Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded down $0.19 during midday trading on Friday, hitting $24.64. The company's stock had a trading volume of 2,321,620 shares, compared to its average volume of 2,228,719. The business's 50 day simple moving average is $25.38 and its 200 day simple moving average is $26.85. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company 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. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67.

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 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. 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 raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Evercore ISI raised shares of 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 note on Tuesday, February 11th. Finally, Mizuho dropped their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average price target of $30.40.

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.