Millennium Management LLC Reduces Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Millennium Management LLC reduced its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 71.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,176,012 shares of the real estate investment trust’s stock after selling 2,967,837 shares during the quarter. Millennium Management LLC owned approximately 0.39% of Brixmor Property Group worth $32,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BRX. Park Avenue Securities LLC increased its holdings in Brixmor Property Group by 95.0% during 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 in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Brixmor Property Group by 1.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 532 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Brixmor Property Group by 67.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 37,374 shares of the real estate investment trust’s stock worth $1,041,000 after buying an additional 14,995 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Brixmor Property Group by 840.9% during the fourth quarter. SG Americas Securities LLC now owns 217,433 shares of the real estate investment trust’s stock worth $6,053,000 after buying an additional 194,325 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BRX. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. 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 for the company 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 target for the company in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $26.57 on Monday. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. The firm has a 50 day moving average price of $25.43 and a 200 day moving average price of $26.93.

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

Brixmor Property Group Announces Dividend

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 given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.33%. Brixmor Property Group’s dividend payout ratio (DPR) is 109.52%.

About Brixmor Property Group

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.