Renaissance Technologies LLC Purchases 155,400 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Renaissance Technologies LLC grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 47.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 485,900 shares of the real estate investment trust's stock after acquiring an additional 155,400 shares during the period. Renaissance Technologies LLC owned about 0.16% of Brixmor Property Group worth $13,527,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BRX. Invesco Ltd. lifted its position in Brixmor Property Group by 61.1% during the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after buying an additional 2,180,541 shares during the period. Geode Capital Management LLC grew its position in Brixmor Property Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after purchasing an additional 38,911 shares during the period. Norges Bank purchased a new stake in Brixmor Property Group during the 4th quarter valued at $110,205,000. Russell Investments Group Ltd. boosted its stake in shares of Brixmor Property Group by 4.5% in the 4th quarter. Russell Investments Group Ltd. now owns 3,000,184 shares of the real estate investment trust's stock worth $83,525,000 after buying an additional 129,090 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Brixmor Property Group by 25.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,122,101 shares of the real estate investment trust's stock worth $59,079,000 after acquiring an additional 430,802 shares during the period. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

BRX has been the subject of several research reports. Jefferies Financial Group raised 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. Wells Fargo & Company reduced their target price on shares of 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. Evercore ISI raised 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 report on Tuesday, February 11th. Scotiabank decreased their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Finally, Mizuho reduced their price target 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Price Performance

NYSE BRX traded up $0.43 during trading on Friday, hitting $25.51. 2,004,399 shares of the stock traded hands, compared to its average volume of 2,210,065. The company has a market capitalization of $7.80 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. The firm has a 50-day simple moving average of $26.12 and a 200-day simple moving average of $27.20. 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 (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.51%. Brixmor Property Group's dividend payout ratio is 103.60%.

Brixmor Property Group 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.