Magnetar Financial LLC Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Magnetar Financial LLC acquired a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,383 shares of the real estate investment trust's stock, valued at approximately $317,000.

Several other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $247,000. Natixis Advisors LLC increased its position in shares of Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust's stock valued at $4,108,000 after buying an additional 36,823 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 buying an additional 159,388 shares during the period. Cerity Partners LLC lifted its position in shares of 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 valued at $740,000 after buying an additional 6,817 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Brixmor Property Group by 128.9% during the 3rd quarter. Algert Global LLC now owns 477,318 shares of the real estate investment trust's stock valued at $13,298,000 after buying an additional 268,816 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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Brixmor Property Group Trading Down 0.4 %

Shares of BRX traded down $0.09 during mid-day trading on Thursday, reaching $26.25. The stock had a trading volume of 5,001,418 shares, compared to its average volume of 2,111,163. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The business's fifty day moving average is $26.63 and its 200 day moving average is $27.56. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59.

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 net margin of 26.40% and a return on equity of 11.72%. On average, sell-side analysts predict 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. Stockholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio is 103.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BRX shares. BMO Capital Markets raised shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday. Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Finally, Scotiabank decreased their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Four analysts have rated the stock with a hold rating and ten have issued 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 a consensus price target of $30.48.

About Brixmor Property Group

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.