Hudson Bay Capital Management LP Acquires 877,733 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Hudson Bay Capital Management LP lifted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 109.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,680,482 shares of the real estate investment trust's stock after buying an additional 877,733 shares during the quarter. Hudson Bay Capital Management LP owned about 0.56% of Brixmor Property Group worth $46,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in Brixmor Property Group during the fourth quarter worth $110,205,000. Northern Trust Corp grew its position in Brixmor Property Group by 96.2% in the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after purchasing an additional 2,388,264 shares during the last quarter. Invesco Ltd. grew its position in Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after purchasing an additional 1,404,034 shares during the period. Finally, Clark Capital Management Group Inc. increased its holdings in shares of Brixmor Property Group by 406.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock worth $42,207,000 after purchasing an additional 1,216,548 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.36 during mid-day trading on Tuesday, hitting $26.05. 2,189,565 shares of the company traded hands, compared to its average volume of 2,194,076. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.66 and a beta of 1.25. The business has a 50-day moving average of $25.44 and a 200 day moving average of $26.97.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating 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 company had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share 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. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.41%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio is 109.52%.

Analyst Ratings Changes

BRX has been the topic of a number of recent research reports. Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group reduced their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Evercore ISI upgraded shares of 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. Finally, Scotiabank decreased their target price 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock 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.