Hudson Bay Capital Management LP Purchases 877,733 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Hudson Bay Capital Management LP raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 109.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,680,482 shares of the real estate investment trust’s stock after acquiring an additional 877,733 shares during the period. Hudson Bay Capital Management LP owned approximately 0.56% of Brixmor Property Group worth $46,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ensign Peak Advisors Inc lifted its stake in shares of Brixmor Property Group by 7.3% during the fourth quarter. Ensign Peak Advisors Inc now owns 185,161 shares of the real estate investment trust’s stock worth $5,155,000 after buying an additional 12,632 shares during the period. Clark Capital Management Group Inc. lifted its holdings in Brixmor Property Group by 406.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust’s stock valued at $42,207,000 after acquiring an additional 1,216,548 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Brixmor Property Group by 2.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 155,739 shares of the real estate investment trust’s stock worth $4,336,000 after purchasing an additional 3,517 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after purchasing an additional 1,404,034 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in Brixmor Property Group during the fourth quarter valued at $479,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Scotiabank dropped 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. Wells Fargo & Company reduced their target price on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. The Goldman Sachs Group reduced their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, Mizuho cut their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Stock Up 0.2 %

Shares of BRX opened at $25.17 on Friday. The company’s 50-day simple moving average is $25.47 and its 200-day simple moving average is $26.99. 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 Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. The stock has a market capitalization of $7.70 billion, a PE ratio of 22.68, a P/E/G ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.57%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 109.52%.

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.