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

New York State Teachers Retirement System grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,436 shares of the real estate investment trust’s stock after purchasing an additional 12,777 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Brixmor Property Group worth $7,968,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jump Financial LLC acquired a new stake in shares of Brixmor Property Group in the third quarter valued at about $1,630,000. Chilton Capital Management LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $7,510,000. Deutsche Bank AG grew its position in shares of Brixmor Property Group by 1,073.3% in the third quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock valued at $62,754,000 after purchasing an additional 2,762,529 shares during the period. Invesco Ltd. grew its position in shares of Brixmor Property Group by 22.8% in the third quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust’s stock valued at $144,004,000 after purchasing an additional 1,288,656 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Brixmor Property Group by 9.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,918,610 shares of the real estate investment trust’s stock valued at $268,449,000 after purchasing an additional 1,130,130 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $21.56 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50-day moving average is $22.61 and its two-hundred day moving average is $22.09. Brixmor Property Group Inc. has a 12 month low of $19.40 and a 12 month high of $24.47. The company has a market capitalization 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 issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The firm had revenue of $316.49 million for the quarter, compared to analysts’ expectations of $311.77 million. During the same period last year, the firm earned $0.49 earnings per share. Brixmor Property Group’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts predict that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders 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 dividend yield of 5.06%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, April 1st. Brixmor Property Group’s payout ratio is 107.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target on the stock. Truist Financial reissued a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. The Goldman Sachs Group decreased their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Finally, Mizuho reissued a “neutral” rating and issued a $24.00 price target (up from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.38.

Insider Activity

In other news, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now directly owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now directly owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.00, for a total transaction of $172,500.00. Following the completion of the sale, the insider now directly owns 225,051 shares in the company, valued at $5,176,173. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Company 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.