Brixmor Property Group Inc. (NYSE:BRX) Position Increased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 38.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,340 shares of the real estate investment trust’s stock after acquiring an additional 45,503 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Brixmor Property Group worth $4,575,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its stake in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 521 shares in the last quarter. Quarry LP raised its stake in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 364 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,140 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BRX shares. 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 note on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Scotiabank dropped their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Mizuho dropped their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $25.61 on Monday. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. 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 company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.66 and a beta of 1.59. The stock’s fifty day simple moving average is $26.64 and its 200-day simple moving average is $27.59.

Brixmor Property Group (NYSE:BRX) last issued 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 return on equity of 11.72% and a net margin of 26.40%. On average, sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm 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 is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.49%. Brixmor Property Group’s payout ratio is currently 103.60%.

About Brixmor Property Group

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.