Sophron Capital Management L.P. Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

Sophron Capital Management L.P. bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, Holdings Channel reports. The institutional investor bought 8,300 shares of the real estate investment trust’s stock, valued at approximately $231,000.

A number of other hedge funds have also modified their holdings of the stock. Park Avenue Securities LLC lifted its holdings in Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 12,593 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Brixmor Property Group by 1.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock valued at $895,000 after acquiring an additional 532 shares during the period. UMB Bank n.a. increased its holdings in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Brixmor Property Group by 67.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 37,374 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 14,995 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Brixmor Property Group by 840.9% during the fourth quarter. SG Americas Securities LLC now owns 217,433 shares of the real estate investment trust’s stock worth $6,053,000 after acquiring an additional 194,325 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on BRX. Wells Fargo & Company cut their target price on shares of 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. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Mizuho decreased 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 report on Tuesday, February 25th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Scotiabank decreased their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Brixmor Property Group Stock Up 1.6%

BRX stock opened at $26.57 on Monday. The company’s 50 day moving average is $25.43 and its 200 day moving average is $26.93. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. 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 Inc. has a 1-year low of $21.32 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm 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 firm earned $0.54 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.33%. Brixmor Property Group’s dividend payout ratio (DPR) is 109.52%.

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.