Fox Run Management L.L.C. Acquires Shares of 25,237 Brixmor Property Group Inc. (NYSE:BRX)

Fox Run Management L.L.C. bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 25,237 shares of the real estate investment trust's stock, valued at approximately $703,000.

A number of other institutional investors have also recently made changes to their positions in BRX. Glenmede Trust Co. NA raised its position in shares of Brixmor Property Group by 222.1% during the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust's stock worth $1,050,000 after acquiring an additional 26,000 shares during the last quarter. Vestcor Inc bought a new position in Brixmor Property Group during the 3rd quarter worth approximately $776,000. Charles Schwab Investment Management Inc. raised its holdings in Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock worth $138,185,000 after purchasing an additional 159,388 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock worth $720,000 after purchasing an additional 12,593 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at $620,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.7 %

Shares of NYSE:BRX traded down $0.18 during mid-day trading on Friday, hitting $26.09. 2,796,565 shares of the company traded hands, compared to its average volume of 2,213,261. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market cap of $7.98 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.66 and a beta of 1.59. The stock has a 50-day moving average price of $26.62 and a two-hundred day moving average price of $27.55. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67.

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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 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities research 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. Investors 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 represents a $1.15 annualized dividend and a yield of 4.41%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio is presently 103.60%.

Wall Street Analyst Weigh In

BRX has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Mizuho dropped their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. BMO Capital Markets raised shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, 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 research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.