Brixmor Property Group Inc. (NYSE:BRX) Stake Cut by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 340,468 shares of the real estate investment trust’s stock after selling 409 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Brixmor Property Group worth $9,479,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 441 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Brixmor Property Group by 1.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 532 shares during the period. GAMMA Investing LLC increased its holdings in shares of Brixmor Property Group by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 631 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Brixmor Property Group by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock worth $4,961,000 after acquiring an additional 643 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Down 0.4 %

Shares of Brixmor Property Group stock opened at $27.56 on Wednesday. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.54 and a beta of 1.58. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The stock has a 50-day simple moving average of $27.08 and a 200-day simple moving average of $27.50.

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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. On average, equities research analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.17%. 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 payout ratio is currently 106.48%.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research analyst reports. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Truist Financial lifted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. KeyCorp lifted their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Scotiabank lifted their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, 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 research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.87.

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.