Nebula Research & Development LLC Increases Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Nebula Research & Development LLC lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 296.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,015 shares of the real estate investment trust’s stock after purchasing an additional 30,680 shares during the quarter. Nebula Research & Development LLC’s holdings in Brixmor Property Group were worth $1,142,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $110,205,000. Invesco Ltd. raised its position in Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after acquiring an additional 2,180,541 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $25,492,000. ExodusPoint Capital Management LP purchased a new position in Brixmor Property Group in the fourth quarter valued at about $20,271,000. Finally, Capital World Investors acquired a new stake in shares of Brixmor Property Group during the 4th quarter valued at approximately $14,552,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on BRX. Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Scotiabank lowered 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. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group Stock Up 0.5 %

BRX stock opened at $25.83 on Friday. The company has a 50 day moving average price of $25.92 and a two-hundred day moving average price of $27.15. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $7.90 billion, a P/E ratio of 23.27, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67.

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

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.2875 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.45%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 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.