Quantinno Capital Management LP Increases Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Quantinno Capital Management LP grew its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 134.4% during the fourth quarter, HoldingsChannel reports. The fund owned 140,056 shares of the real estate investment trust’s stock after purchasing an additional 80,293 shares during the period. Quantinno Capital Management LP’s holdings in Brixmor Property Group were worth $3,899,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in Brixmor Property Group in the fourth quarter valued at approximately $110,205,000. Northern Trust Corp boosted its holdings in shares of Brixmor Property Group by 96.2% in the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock valued at $135,590,000 after buying an additional 2,388,264 shares in the last quarter. Invesco Ltd. grew its position in shares of Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after buying an additional 2,180,541 shares during the last quarter. Deutsche Bank AG grew its position in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after buying an additional 1,404,034 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its stake in Brixmor Property Group by 406.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust’s stock worth $42,207,000 after acquiring an additional 1,216,548 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank decreased 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 research note on Monday, May 12th. Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock 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 stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $30.40.

Brixmor Property Group Trading Up 1.6%

NYSE:BRX opened at $26.57 on Monday. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month 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’s 50 day simple moving average is $25.43 and its 200-day simple moving average is $26.93. The firm has a market cap of $8.13 billion, a P/E ratio of 23.94, a PEG ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data 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 analyst estimates 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid 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 dividend yield of 4.33%. Brixmor Property Group’s dividend payout ratio (DPR) is 109.52%.

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.