New York State Common Retirement Fund Buys 7,600 Shares of Brixmor Property Group Inc. (NYSE:BRX)

New York State Common Retirement Fund lifted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,392 shares of the real estate investment trust’s stock after acquiring an additional 7,600 shares during the quarter. New York State Common Retirement Fund’s holdings in Brixmor Property Group were worth $4,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its holdings in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 441 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 511 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in 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 acquiring an additional 532 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Brixmor Property Group by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 631 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRX has been the topic of several recent research reports. Truist Financial increased their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank raised their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Mizuho reduced their price target on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, KeyCorp boosted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

Brixmor Property Group Trading Up 0.7 %

NYSE:BRX opened at $27.59 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a fifty day simple moving average of $26.90 and a 200-day simple moving average of $27.60. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The company has a market capitalization of $8.44 billion, a P/E ratio of 24.85, a PEG ratio of 2.66 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) 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%. On average, equities 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 firm 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 is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is 103.60%.

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.