ExodusPoint Capital Management LP Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

ExodusPoint Capital Management LP bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 728,129 shares of the real estate investment trust's stock, valued at approximately $20,271,000. ExodusPoint Capital Management LP owned about 0.24% of Brixmor Property Group as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC increased its position in Brixmor Property Group by 34.5% during the 3rd quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust's stock worth $740,000 after purchasing an additional 6,817 shares in the last quarter. FMR LLC grew its stake in shares of Brixmor Property Group by 136.8% during the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust's stock worth $29,773,000 after buying an additional 617,341 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Brixmor Property Group during the third quarter worth $217,000. PEAK6 Investments LLC bought a new position in shares of Brixmor Property Group in the 3rd quarter valued at $247,000. Finally, Verition Fund Management LLC boosted its holdings in shares of Brixmor Property Group by 54.2% during the 3rd quarter. Verition Fund Management LLC now owns 34,888 shares of the real estate investment trust's stock valued at $972,000 after acquiring an additional 12,260 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BRX. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus cut their target price on shares of 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. Mizuho decreased their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price target 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

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Brixmor Property Group Trading Up 7.6 %

Shares of NYSE:BRX traded up $1.75 during midday trading on Wednesday, reaching $24.81. The company's stock had a trading volume of 2,813,285 shares, compared to its average volume of 2,220,782. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day moving average price of $26.31 and a two-hundred day moving average price of $27.34. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly 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 return on equity of 11.72% and a net margin of 26.40%. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.64%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's payout ratio 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.