Diametric Capital LP Makes New $288,000 Investment in Brixmor Property Group Inc. (NYSE:BRX)

Diametric Capital LP purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, Holdings Channel.com reports. The fund purchased 10,343 shares of the real estate investment trust’s stock, valued at approximately $288,000.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares during the period. Quarry LP increased its stake in shares of Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 364 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 693 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.2 %

NYSE BRX opened at $26.49 on Wednesday. The stock has a market cap of $8.10 billion, a PE ratio of 23.86, a P/E/G ratio of 2.66 and a beta of 1.59. The business has a 50 day moving average price of $26.63 and a two-hundred day moving average price of $27.53. 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 quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating 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%. As a group, 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. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.34%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho dropped 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. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Wells Fargo & Company reduced their target price on 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. Scotiabank dropped their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Finally, Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.