PharVision Advisers LLC Buys New Position in Brixmor Property Group Inc. (NYSE:BRX)

PharVision Advisers LLC bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,050 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its position in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the last quarter. Headlands Technologies LLC bought a new stake in Brixmor Property Group in the fourth quarter valued at about $26,000. UMB Bank n.a. increased its holdings in Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 693 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 533 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.1%

BRX opened at $24.82 on Friday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67. The firm’s fifty day simple moving average is $25.41 and its 200 day simple moving average is $26.88. 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 (NYSE:BRX) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $337.51 million for 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 revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.63%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 109.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. 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. Mizuho reduced their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Scotiabank cut their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. Finally, Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.