Two Sigma Advisers LP Acquires 28,500 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Two Sigma Advisers LP raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 50.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,000 shares of the real estate investment trust's stock after buying an additional 28,500 shares during the period. Two Sigma Advisers LP's holdings in Brixmor Property Group were worth $2,366,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Brixmor Property Group during the fourth 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 purchasing an additional 521 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at $26,000. Quarry LP raised its stake in shares of 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 worth $53,000 after purchasing an additional 533 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,140 shares during the period. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

NYSE:BRX traded down $0.21 during trading hours on Monday, hitting $25.20. 3,059,880 shares of the company's stock traded hands, compared to its average volume of 2,238,951. Brixmor Property Group Inc. has a 52 week low of $22.02 and a 52 week high of $30.67. The business's fifty day simple moving average is $25.28 and its two-hundred day simple moving average is $26.68. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a market cap of $7.71 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.66 and a beta of 1.25.

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

Brixmor Property Group Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 109.52%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. UBS Group assumed coverage on shares of Brixmor Property Group in a research note on Friday. They set a "buy" rating and a $29.00 price target for the company. Scotiabank lowered 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 report on Monday, May 12th. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Mizuho decreased their target price on 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 eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.30.

About Brixmor Property Group

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.