Arizona State Retirement System Has $1.96 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Arizona State Retirement System lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,029 shares of the real estate investment trust’s stock after selling 1,546 shares during the quarter. Arizona State Retirement System’s holdings in Brixmor Property Group were worth $1,955,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Brixmor Property Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 45,760,884 shares of the real estate investment trust’s stock worth $950,911,000 after acquiring an additional 440,566 shares during the last quarter. BlackRock Inc. boosted its position in Brixmor Property Group by 0.4% during the 1st quarter. BlackRock Inc. now owns 36,400,269 shares of the real estate investment trust’s stock worth $783,334,000 after acquiring an additional 149,259 shares during the last quarter. Wellington Management Group LLP boosted its position in Brixmor Property Group by 99.4% during the 1st quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after acquiring an additional 10,028,534 shares during the last quarter. State Street Corp boosted its position in Brixmor Property Group by 13.6% during the 1st quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock worth $430,669,000 after acquiring an additional 2,001,159 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Brixmor Property Group by 9.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,918,610 shares of the real estate investment trust’s stock worth $268,449,000 after acquiring an additional 1,130,130 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.1 %

BRX opened at $21.56 on Friday. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47. The stock’s fifty day simple moving average is $22.61 and its 200 day simple moving average is $22.09. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73. The stock has a market cap of $6.50 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.68 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The business had revenue of $316.49 million during the quarter, compared to the consensus estimate of $311.77 million. During the same quarter last year, the company posted $0.49 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be paid a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is 107.92%.

Analyst Ratings Changes

Several research firms have recently commented on BRX. Truist Financial reissued a “buy” rating and issued a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. The Goldman Sachs Group cut their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Stifel Nicolaus increased their price objective on Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Mizuho reissued a “neutral” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $25.38.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the transaction, the director now owns 40,556 shares in the company, valued at approximately $925,487.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the transaction, the director now owns 40,556 shares in the company, valued at approximately $925,487.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Brixmor Property Group Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.