Renaissance Technologies LLC Has $13.53 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Renaissance Technologies LLC raised its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 47.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,900 shares of the real estate investment trust's stock after purchasing an additional 155,400 shares during the quarter. Renaissance Technologies LLC owned 0.16% of Brixmor Property Group worth $13,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC boosted its position in shares of Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock valued at $720,000 after acquiring an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth about $620,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Brixmor Property Group by 38.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock valued at $6,073,000 after purchasing an additional 60,567 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Brixmor Property Group in the 4th quarter worth approximately $1,699,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Brixmor Property Group in the 4th quarter valued at $5,549,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on BRX shares. 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. Scotiabank decreased their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Mizuho decreased their price target 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. Jefferies Financial Group raised 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 research report on Friday, February 14th. Finally, Wells Fargo & Company decreased 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 research note on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Stock Up 1.7 %

NYSE:BRX traded up $0.43 on Friday, reaching $25.51. The stock had a trading volume of 2,004,399 shares, compared to its average volume of 2,209,093. The company has a 50-day moving average of $26.12 and a 200 day moving average of $27.21. Brixmor Property Group Inc. has a 12-month low of $21.25 and a 12-month high of $30.67. The stock has a market cap of $7.80 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts predict 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 was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were paid a $0.2875 dividend. 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 dividend yield of 4.51%. The ex-dividend date of this dividend was Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio 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.