Capital Fund Management S.A. Invests $1.56 Million in Brixmor Property Group Inc. (NYSE:BRX)

Capital Fund Management S.A. acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,994 shares of the real estate investment trust’s stock, valued at approximately $1,559,000.

A number of other hedge funds have also recently modified their holdings of BRX. Park Avenue Securities LLC boosted 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 valued at $720,000 after purchasing an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at approximately $620,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Brixmor Property Group by 38.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock valued at $6,073,000 after acquiring an additional 60,567 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in Brixmor Property Group in the fourth quarter worth approximately $1,699,000. Finally, Raymond James Financial Inc. acquired a new stake in Brixmor Property Group during the fourth quarter worth $5,549,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BRX. Wells Fargo & Company lowered their price target on 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. Stifel Nicolaus lowered their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Jefferies Financial Group raised shares of 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. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Tuesday, February 11th. Finally, Mizuho dropped their target price 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $24.98 on Wednesday. The stock has a market cap of $7.64 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The stock has a 50 day moving average of $26.21 and a two-hundred day moving average of $27.25. 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 (NYSE:BRX) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) 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%. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

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.