Hillsdale Investment Management Inc. Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

Hillsdale Investment Management Inc. raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 55.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,900 shares of the real estate investment trust’s stock after purchasing an additional 1,030 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Brixmor Property Group were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Brixmor Property Group by 38.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 164,340 shares of the real estate investment trust’s stock valued at $4,575,000 after buying an additional 45,503 shares during the period. Magnetar Financial LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at $317,000. Teacher Retirement System of Texas increased its holdings in shares of Brixmor Property Group by 41.6% in the fourth quarter. Teacher Retirement System of Texas now owns 192,985 shares of the real estate investment trust’s stock worth $5,373,000 after buying an additional 56,729 shares during the period. Harvest Fund Management Co. Ltd increased its stake in Brixmor Property Group by 163.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 12,826 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 7,950 shares during the period. Finally, Saiph Capital LLC bought a new stake in Brixmor Property Group during the 4th quarter valued at $244,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

NYSE BRX opened at $26.09 on Tuesday. 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 Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The stock’s fifty day moving average is $26.63 and its two-hundred day moving average is $27.58. The firm has a market capitalization of $7.98 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.41%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $33.00 in a research 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 objective on the stock in a research report on Tuesday, February 11th. Mizuho dropped their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.56.

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.