Caxton Associates LP Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Caxton Associates LP bought a new position in Brixmor Property Group Inc. (NYSE:BRX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,733 shares of the real estate investment trust’s stock, valued at approximately $322,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BRX. Price T Rowe Associates Inc. MD raised its holdings in shares of Brixmor Property Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust’s stock valued at $6,366,000 after purchasing an additional 14,748 shares in the last quarter. Lazard Asset Management LLC grew its stake in Brixmor Property Group by 1.7% in the 1st quarter. Lazard Asset Management LLC now owns 245,697 shares of the real estate investment trust’s stock valued at $5,761,000 after buying an additional 3,990 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in Brixmor Property Group in the 1st quarter valued at $16,964,000. Canada Pension Plan Investment Board acquired a new position in Brixmor Property Group in the 1st quarter valued at $124,978,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in Brixmor Property Group by 2.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 662,832 shares of the real estate investment trust’s stock valued at $15,545,000 after buying an additional 17,088 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction that occurred on 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 owns 360,004 shares in the company, valued at $8,640,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BRX shares. Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 28th. Mizuho decreased their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. JPMorgan Chase & Co. decreased their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th. Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $24.00 to $25.50 and gave the stock a “hold” rating in a research report on Tuesday. Finally, StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.31.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded up $1.18 during trading on Tuesday, hitting $25.90. 1,654,860 shares of the company’s stock traded hands, compared to its average volume of 2,338,943. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.45 and a quick ratio of 1.45. The firm’s fifty day moving average price is $22.87 and its 200 day moving average price is $22.57. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $25.92. The company has a market cap of $7.80 billion, a PE ratio of 27.51, a PEG ratio of 4.29 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The business had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. During the same quarter last year, the firm posted $0.52 earnings per share. Brixmor Property Group’s revenue was up 1.9% on a year-over-year basis. Analysts forecast that Brixmor Property Group Inc. will post 2.11 earnings per share for the current year.

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.