Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Centiva Capital LP

Centiva Capital LP lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 52.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,593 shares of the real estate investment trust’s stock after selling 24,626 shares during the period. Centiva Capital LP’s holdings in Brixmor Property Group were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $110,205,000. Northern Trust Corp raised its stake in Brixmor Property Group by 96.2% in 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. Invesco Ltd. lifted its holdings in Brixmor Property Group by 61.1% in the 4th 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 in the last quarter. Balyasny Asset Management L.P. boosted its stake in Brixmor Property Group by 1,000.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 820,025 shares of the real estate investment trust’s stock worth $22,829,000 after purchasing an additional 745,497 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Brixmor Property Group during the fourth quarter worth $20,271,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. The Goldman Sachs Group cut their price target on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, May 1st. 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. Finally, Wells Fargo & Company cut 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Trading Up 0.2 %

NYSE BRX opened at $25.17 on Friday. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67. The stock has a market capitalization of $7.70 billion, a P/E ratio of 22.68, a PEG ratio of 2.66 and a beta of 1.25. The firm’s 50-day moving average is $25.47 and its two-hundred day moving average is $26.99. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

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. The firm had revenue of $337.51 million during the quarter, compared to analysts’ expectations of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.57%. Brixmor Property Group’s dividend payout ratio is presently 109.52%.

About Brixmor Property Group

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.