Two Sigma Investments LP grew its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 587.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,218 shares of the real estate investment trust's stock after acquiring an additional 376,995 shares during the quarter. Two Sigma Investments LP owned approximately 0.15% of Brixmor Property Group worth $12,284,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its stake in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after buying an additional 521 shares during the last quarter. Headlands Technologies LLC bought a new position in Brixmor Property Group during the 4th quarter worth $26,000. UMB Bank n.a. grew its stake in Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after buying an additional 693 shares during the last quarter. Finally, Quarry LP grew its stake 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 worth $53,000 after buying an additional 533 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.
Brixmor Property Group Stock Performance
BRX stock traded up $0.46 during trading on Thursday, reaching $25.56. 1,113,999 shares of the company's stock were exchanged, compared to its average volume of 2,226,352. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The company's fifty day moving average price is $25.33 and its 200-day moving average price is $26.78. The firm has a market cap of $7.82 billion, a PE ratio of 23.06, a P/E/G ratio of 2.66 and a beta of 1.25.
Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.
Brixmor Property Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.50%. Brixmor Property Group's dividend payout ratio (DPR) is 109.52%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded 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 research note on Friday, February 14th. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Scotiabank lowered their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Finally, Mizuho lowered their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.40.
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About Brixmor Property Group
(
Free Report)
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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