Jacobs Levy Equity Management Inc. Sells 95,149 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Jacobs Levy Equity Management Inc. lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 85.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,997 shares of the real estate investment trust’s stock after selling 95,149 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Brixmor Property Group were worth $445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Park Avenue Securities LLC lifted its stake in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Brixmor Property Group in the 4th quarter worth about $620,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brixmor Property Group by 38.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock valued at $6,073,000 after purchasing an additional 60,567 shares during the last quarter. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 2,180,541 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Brixmor Property Group during the fourth quarter worth about $1,699,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BRX. Scotiabank dropped their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. Stifel Nicolaus dropped their price target on shares of 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. The Goldman Sachs Group cut their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Four equities research 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.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

Brixmor Property Group Stock Performance

Shares of BRX opened at $26.57 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $8.13 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The firm’s fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $26.93. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The company had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s payout ratio is 109.52%.

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.