Tower Research Capital LLC TRC Boosts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Tower Research Capital LLC TRC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 102.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,915 shares of the real estate investment trust's stock after acquiring an additional 13,139 shares during the period. Tower Research Capital LLC TRC's holdings in Brixmor Property Group were worth $721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Canada Pension Plan Investment Board raised its position in shares of Brixmor Property Group by 6.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after purchasing an additional 467,146 shares during the last quarter. Invesco Ltd. raised its position in shares of Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after purchasing an additional 38,911 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brixmor Property Group by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,685,872 shares of the real estate investment trust's stock worth $130,452,000 after purchasing an additional 38,427 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $110,205,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. 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 research note on Friday, February 14th. Mizuho lowered their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, Scotiabank lowered their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Trading Down 4.2 %

Shares of Brixmor Property Group stock traded down $1.09 during trading hours on Tuesday, reaching $24.92. The stock had a trading volume of 4,359,873 shares, compared to its average volume of 2,225,809. The firm has a 50 day simple moving average of $25.84 and a two-hundred day simple moving average of $27.13. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 2.66 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.61%. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.

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.