Bridgefront Capital LLC Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

Bridgefront Capital LLC purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,033 shares of the real estate investment trust’s stock, valued at approximately $502,000.

Several other institutional investors have also bought and sold shares of BRX. Canada Pension Plan Investment Board raised its position in shares of Brixmor Property Group by 6.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after buying an additional 467,146 shares in the last quarter. Invesco Ltd. raised its position in Brixmor Property Group by 61.1% during 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 purchasing an additional 2,180,541 shares during the period. Geode Capital Management LLC lifted its stake in shares of Brixmor Property Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after purchasing an additional 38,911 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Brixmor Property Group by 7.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust’s stock worth $151,155,000 after purchasing an additional 393,317 shares during the period. Finally, Northern Trust Corp increased its position in shares of Brixmor Property Group by 96.2% during the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock valued at $135,590,000 after purchasing an additional 2,388,264 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BRX shares. Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company lowered 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. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. 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 on the stock in a research report on Thursday, May 1st. Finally, Mizuho dropped their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Price Performance

BRX opened at $25.33 on Tuesday. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 22.82, a PEG 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 12-month low of $21.32 and a 12-month high of $30.67. The business’s fifty day simple moving average is $25.68 and its 200-day simple moving average is $27.06.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $337.51 million for the quarter, compared to analysts’ expectations of $329.81 million. During the same period in the prior year, the business earned $0.54 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.54%. Brixmor Property Group’s dividend payout ratio is currently 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.