Arrowstreet Capital Limited Partnership Raises Stake in Brixmor Property Group Inc. (NYSE:BRX)

Arrowstreet Capital Limited Partnership lifted its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,122,101 shares of the real estate investment trust's stock after purchasing an additional 430,802 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.70% of Brixmor Property Group worth $59,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC raised its position in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the last quarter. Quarry LP boosted its stake in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 364 shares in the last quarter. UMB Bank n.a. boosted its stake in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded down $1.01 during trading hours on Friday, reaching $23.96. 3,429,870 shares of the stock traded hands, compared to its average volume of 2,221,654. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.66 and a beta of 1.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a 50 day moving average price of $26.57 and a 200 day moving average price of $27.47.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 103.60%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Scotiabank reduced their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. 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. Finally, Wells Fargo & Company dropped their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.48.

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.