Point72 Asset Management L.P. Has $2.21 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Point72 Asset Management L.P. increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 375.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,200 shares of the real estate investment trust’s stock after buying an additional 62,551 shares during the period. Point72 Asset Management L.P.’s holdings in Brixmor Property Group were worth $2,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BRX. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 521 shares during the last quarter. Headlands Technologies LLC acquired a new position in Brixmor Property Group during the fourth quarter valued at approximately $26,000. UMB Bank n.a. grew its holdings in 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 valued at $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Quarry LP grew its holdings in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 533 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. The Goldman Sachs Group lowered their price target on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho lowered their price target on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. 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. Finally, Wells Fargo & Company lowered their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.40.

Brixmor Property Group Stock Down 2.8%

BRX opened at $25.57 on Wednesday. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. 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 $7.83 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 2.66 and a beta of 1.25. The business has a 50 day moving average of $25.44 and a 200-day moving average of $26.92.

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

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.50%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 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.