Fox Run Management L.L.C. Takes $703,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

Fox Run Management L.L.C. bought a new position in Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, HoldingsChannel reports. The fund bought 25,237 shares of the real estate investment trust’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Brixmor Property Group in the fourth quarter valued at about $1,785,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Brixmor Property Group by 55.1% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,900 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 1,030 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Brixmor Property Group by 38.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 164,340 shares of the real estate investment trust’s stock worth $4,575,000 after purchasing an additional 45,503 shares during the last quarter. Magnetar Financial LLC purchased a new position in Brixmor Property Group during the 4th quarter valued at about $317,000. Finally, Teacher Retirement System of Texas raised its position in Brixmor Property Group by 41.6% during the 4th quarter. Teacher Retirement System of Texas now owns 192,985 shares of the real estate investment trust’s stock valued at $5,373,000 after purchasing an additional 56,729 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Mizuho reduced their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Price Performance

Shares of BRX opened at $25.61 on Monday. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The firm’s 50-day simple moving average is $26.64 and its two-hundred day simple moving average is $27.59. The stock has a market cap of $7.83 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

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

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is currently 103.60%.

Brixmor Property Group Company 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.