Twinbeech Capital LP Makes New $3.07 Million Investment in Brixmor Property Group Inc. (NYSE:BRX)

Twinbeech Capital LP bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 110,125 shares of the real estate investment trust's stock, valued at approximately $3,066,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares during the period. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group during the fourth quarter worth about $26,000. UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 693 shares during the period. Finally, Quarry LP increased its position in Brixmor Property Group by 39.0% during the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 533 shares during the period. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotiabank dropped their price target on shares of 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. The Goldman Sachs Group cut their target price 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 upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus dropped their price target on 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. Finally, Mizuho reduced their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.40.

Brixmor Property Group Stock Down 0.8%

BRX traded down $0.19 during mid-day trading on Monday, reaching $24.64. 2,321,620 shares of the stock were exchanged, compared to its average volume of 2,228,719. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. 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 capitalization of $7.54 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The company has a 50 day moving average price of $25.38 and a two-hundred day moving average price of $26.84.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released 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. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The business had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. During the same period in the previous year, the company earned $0.54 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.67%. Brixmor Property Group's dividend payout ratio (DPR) is presently 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.