Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 134.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,056 shares of the real estate investment trust's stock after purchasing an additional 80,293 shares during the period. Quantinno Capital Management LP's holdings in Brixmor Property Group were worth $3,899,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC grew its position in Brixmor Property Group by 95.0% in 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 buying an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Brixmor Property Group during the 4th quarter worth $620,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brixmor Property Group by 38.4% in the 4th 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 period. Invesco Ltd. lifted its stake in shares of Brixmor Property Group by 61.1% in the 4th 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 period. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $1,699,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Price Performance

BRX stock traded up $0.03 during midday trading on Thursday, hitting $24.82. 2,304,180 shares of the stock were exchanged, compared to its average volume of 2,220,939. The stock's 50-day moving average price is $25.43 and its 200-day moving average price is $26.90. 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 stock has a market cap of $7.60 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. Research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

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 dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.63%. Brixmor Property Group's dividend payout ratio (DPR) is currently 109.52%.

Analyst Ratings Changes

BRX has been the subject of several analyst reports. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Wells Fargo & Company dropped their target price on 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. Mizuho reduced 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. 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 note on Thursday, May 1st. Finally, Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.40.

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.