Cresset Asset Management LLC Buys Shares of 17,203 Brixmor Property Group Inc. (NYSE:BRX)

Cresset Asset Management LLC bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,203 shares of the real estate investment trust’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRX. Norges Bank acquired a new position in Brixmor Property Group in the fourth quarter valued at approximately $110,205,000. Northern Trust Corp boosted its stake in Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock valued at $135,590,000 after acquiring an additional 2,388,264 shares during the period. Invesco Ltd. boosted its stake in Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after acquiring an additional 2,180,541 shares during the period. Balyasny Asset Management L.P. boosted its stake in Brixmor Property Group by 1,000.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 820,025 shares of the real estate investment trust’s stock valued at $22,829,000 after acquiring an additional 745,497 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in Brixmor Property Group in the fourth quarter valued at approximately $20,271,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

NYSE BRX opened at $25.56 on Thursday. The stock has a market capitalization of $7.82 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. The business’s fifty day moving average is $25.42 and its two-hundred day moving average is $26.96. 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 posted its quarterly 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 company had revenue of $337.51 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.54 earnings per share. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.50%. Brixmor Property Group’s dividend payout ratio is currently 109.52%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BRX shares. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Evercore ISI upgraded 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 report on Tuesday, February 11th. Scotiabank reduced their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Monday. The Goldman Sachs Group reduced their price objective on 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. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. 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, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

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.