1832 Asset Management L.P. Invests $16.96 Million in Brixmor Property Group Inc. (NYSE:BRX)

1832 Asset Management L.P. acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 723,393 shares of the real estate investment trust’s stock, valued at approximately $16,964,000. 1832 Asset Management L.P. owned about 0.24% of Brixmor Property Group at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $40,000. GAMMA Investing LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $45,000. Larson Financial Group LLC acquired a new position in Brixmor Property Group in the 1st quarter valued at $47,000. Mather Group LLC. acquired a new position in Brixmor Property Group in the 1st quarter valued at $165,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Brixmor Property Group in the 4th quarter valued at $172,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 1.5 %

Brixmor Property Group stock traded up $0.36 during trading on Friday, reaching $24.56. 1,633,895 shares of the company’s stock were exchanged, compared to its average volume of 1,869,871. The company’s 50-day moving average is $22.82 and its two-hundred day moving average is $22.56. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45. Brixmor Property Group Inc. has a 52-week low of $19.46 and a 52-week high of $24.97. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 4.29 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business had revenue of $320.24 million for the quarter, compared to analysts’ expectations of $314.82 million. During the same period last year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that Brixmor Property Group Inc. will post 2.11 earnings per share for the current year.

Brixmor Property Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, July 2nd were given a dividend of $0.2725 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 4.44%. Brixmor Property Group’s dividend payout ratio (DPR) is 117.21%.

Analysts Set New Price Targets

Several brokerages have weighed in on BRX. StockNews.com upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Mizuho cut their price target on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. JPMorgan Chase & Co. cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.13.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.