Capital Fund Management S.A. Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Capital Fund Management S.A. purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 55,994 shares of the real estate investment trust’s stock, valued at approximately $1,559,000.

Several other institutional investors have also modified their holdings of BRX. APG Asset Management US Inc. raised its holdings in Brixmor Property Group by 14.5% during the fourth quarter. APG Asset Management US Inc. now owns 1,285,677 shares of the real estate investment trust’s stock worth $35,793,000 after purchasing an additional 162,986 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Brixmor Property Group in the fourth quarter valued at $5,549,000. Renaissance Technologies LLC increased its position in shares of Brixmor Property Group by 47.0% in the fourth quarter. Renaissance Technologies LLC now owns 485,900 shares of the real estate investment trust’s stock valued at $13,527,000 after buying an additional 155,400 shares in the last quarter. Invesco Ltd. raised its stake in shares of Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after buying an additional 2,180,541 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Brixmor Property Group by 5.4% in the 4th quarter. Bank of Montreal Can now owns 99,262 shares of the real estate investment trust’s stock worth $2,763,000 after buying an additional 5,124 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.2 %

BRX opened at $24.98 on Wednesday. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The firm has a 50 day moving average price of $26.21 and a 200 day moving average price of $27.25. The company has a market cap of $7.64 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a $0.2875 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.60%. Brixmor Property Group’s payout ratio is 103.60%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Scotiabank dropped their price objective on shares of 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. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Finally, Mizuho reduced 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 research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently 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.