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

Twinbeech Capital LP acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 110,125 shares of the real estate investment trust's stock, valued at approximately $3,066,000.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Brixmor Property Group in the 4th quarter valued at $26,000. UMB Bank n.a. raised its position 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 purchasing an additional 693 shares during the last quarter. Finally, Quarry LP raised its position 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 purchasing an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of BRX opened at $25.57 on Wednesday. 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 $7.83 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.66 and a beta of 1.25. The company's fifty day moving average is $25.44 and its two-hundred day moving average is $26.92. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year 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 analysts' consensus estimates 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 prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.50%. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BRX. Mizuho reduced their price target 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. Evercore ISI upgraded 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 research report on Tuesday, February 11th. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Scotiabank reduced their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

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