Saiph Capital LLC Invests $244,000 in Brixmor Property Group Inc. (NYSE:BRX)

Saiph Capital LLC purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,775 shares of the real estate investment trust’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BRX. Xponance Inc. lifted its holdings in Brixmor Property Group by 6.7% during the 4th quarter. Xponance Inc. now owns 39,211 shares of the real estate investment trust’s stock worth $1,092,000 after purchasing an additional 2,476 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Brixmor Property Group by 106.2% during the 4th quarter. Intech Investment Management LLC now owns 101,896 shares of the real estate investment trust’s stock worth $2,837,000 after purchasing an additional 52,475 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Brixmor Property Group by 52.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 396,855 shares of the real estate investment trust’s stock worth $11,048,000 after purchasing an additional 136,719 shares in the last quarter. Cibc World Markets Corp lifted its holdings in Brixmor Property Group by 141.4% during the 4th quarter. Cibc World Markets Corp now owns 192,257 shares of the real estate investment trust’s stock worth $5,352,000 after purchasing an additional 112,619 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Brixmor Property Group by 9.5% during the 4th quarter. Corient Private Wealth LLC now owns 16,654 shares of the real estate investment trust’s stock worth $464,000 after purchasing an additional 1,446 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

BRX has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Wells Fargo & Company lowered their price target on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $30.00 to $33.00 in a report on Friday, December 6th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group Price Performance

BRX opened at $26.03 on Wednesday. The stock’s 50 day simple moving average is $26.66 and its 200 day simple moving average is $27.62. 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 Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share 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%. As a group, analysts predict 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 will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) 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.