Diametric Capital LP Invests $288,000 in Brixmor Property Group Inc. (NYSE:BRX)

Diametric Capital LP purchased a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,343 shares of the real estate investment trust's stock, valued at approximately $288,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Brixmor Property Group in the fourth quarter worth approximately $110,205,000. Brookfield Corp ON purchased a new stake in shares of Brixmor Property Group in the 3rd quarter worth $38,051,000. Zurich Insurance Group Ltd FI grew its position in shares of Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock worth $86,499,000 after buying an additional 959,000 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Brixmor Property Group during the third quarter valued at $25,492,000. Finally, FMR LLC raised its holdings in shares of Brixmor Property Group by 136.8% in the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust's stock valued at $29,773,000 after acquiring an additional 617,341 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

BRX has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus lowered their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Finally, Mizuho decreased their price objective on 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. Four 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 has an average rating of "Moderate Buy" and a consensus price target of $30.48.

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Brixmor Property Group Stock Performance

Shares of BRX traded down $1.01 during trading hours on Friday, reaching $23.96. 3,429,870 shares of the company traded hands, compared to its average volume of 2,221,654. 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 business has a fifty day moving average price of $26.57 and a 200-day moving average price of $27.48. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The stock has a market capitalization of $7.33 billion, a P/E ratio of 21.58, a P/E/G ratio of 2.66 and a beta of 1.30.

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

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change 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%. Brixmor Property Group's dividend payout ratio (DPR) is currently 103.60%.

Brixmor Property Group Company 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.