Nebula Research & Development LLC Raises Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Nebula Research & Development LLC increased its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 296.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,015 shares of the real estate investment trust's stock after buying an additional 30,680 shares during the period. Nebula Research & Development LLC's holdings in Brixmor Property Group were worth $1,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. US Bancorp DE increased its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after acquiring an additional 405 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Brixmor Property Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock worth $1,710,000 after purchasing an additional 434 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 441 shares during the period. CIBC Asset Management Inc raised its position in Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock valued at $261,000 after purchasing an additional 511 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BRX shares. Stifel Nicolaus cut their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Scotiabank dropped their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Evercore ISI raised shares of 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 note on Tuesday, February 11th. Finally, Wells Fargo & Company dropped their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded down $1.09 during midday trading on Tuesday, hitting $24.92. The company had a trading volume of 4,359,873 shares, compared to its average volume of 2,225,809. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. 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 company has a fifty day simple moving average of $25.84 and a 200 day simple moving average of $27.13.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm 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 firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. As a group, analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 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.