Brixmor Property Group Inc. (NYSE:BRX) Stock Holdings Boosted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 102.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,915 shares of the real estate investment trust’s stock after purchasing an additional 13,139 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Brixmor Property Group were worth $721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its holdings in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Brixmor Property Group during the 4th quarter valued at $620,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brixmor Property Group by 38.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock worth $6,073,000 after acquiring an additional 60,567 shares during the period. Invesco Ltd. grew its stake in shares of 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 worth $160,038,000 after purchasing an additional 2,180,541 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter valued at $1,699,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $25.83 on Friday. The stock’s fifty day simple moving average is $25.92 and its 200 day simple moving average is $27.15. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.66 and a beta of 1.30. 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 Inc. has a 52-week low of $21.32 and a 52-week high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed 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 positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.45%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Analyst Ratings Changes

BRX has been the subject of several research analyst reports. Mizuho reduced 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. Wells Fargo & Company reduced their price target on shares of 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. Scotiabank lowered their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average 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.