Fox Run Management L.L.C. Invests $703,000 in Brixmor Property Group Inc. (NYSE:BRX)

Fox Run Management L.L.C. purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 25,237 shares of the real estate investment trust’s stock, valued at approximately $703,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Captrust Financial Advisors purchased a new stake in shares of Brixmor Property Group during the third quarter worth $46,695,000. Brookfield Corp ON bought a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $38,051,000. Zurich Insurance Group Ltd FI lifted its holdings in Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock worth $86,499,000 after purchasing an additional 959,000 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in Brixmor Property Group in the 3rd quarter worth about $25,492,000. Finally, FMR LLC grew its holdings in Brixmor Property Group by 136.8% during the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock valued at $29,773,000 after buying an additional 617,341 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

BRX opened at $25.61 on Monday. The stock has a market capitalization of $7.83 billion, a P/E ratio of 23.07, a PEG ratio of 2.66 and a beta of 1.59. 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 12-month low of $20.80 and a 12-month high of $30.67. The stock has a 50-day moving average price of $26.64 and a 200-day moving average price of $27.59.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BRX shares. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company cut their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Mizuho dropped 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. Finally, 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 research note on Friday, February 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus target price of $30.56.

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.