Squarepoint Ops LLC Sells 46,062 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Squarepoint Ops LLC lowered its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,120 shares of the real estate investment trust's stock after selling 46,062 shares during the quarter. Squarepoint Ops LLC's holdings in Brixmor Property Group were worth $2,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BRX. Janney Montgomery Scott LLC increased its position in Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after buying an additional 441 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Brixmor Property Group by 15.5% during the fourth quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the real estate investment trust's stock worth $306,000 after buying an additional 1,472 shares during the last quarter. Blue Trust Inc. increased its position in Brixmor Property Group by 29.5% during the fourth quarter. Blue Trust Inc. now owns 3,683 shares of the real estate investment trust's stock worth $103,000 after buying an additional 839 shares during the last quarter. KBC Group NV increased its position in Brixmor Property Group by 51.7% during the fourth quarter. KBC Group NV now owns 10,859 shares of the real estate investment trust's stock worth $302,000 after buying an additional 3,702 shares during the last quarter. Finally, Vert Asset Management LLC increased its position in Brixmor Property Group by 10.6% during the fourth quarter. Vert Asset Management LLC now owns 132,159 shares of the real estate investment trust's stock worth $3,679,000 after buying an additional 12,625 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX stock traded up $0.52 during trading on Thursday, hitting $25.62. The company had a trading volume of 3,291,114 shares, compared to its average volume of 2,236,822. 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 firm has a market capitalization of $7.84 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The stock's 50-day moving average price is $25.32 and its 200 day moving average price is $26.76. Brixmor Property Group Inc. has a one year low of $21.57 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (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 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 firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. Equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 109.52%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BRX shares. The Goldman Sachs Group lowered 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. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Scotiabank decreased their target price on 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. Finally, Mizuho decreased their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and a consensus target price 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.