Oregon Public Employees Retirement Fund Grows Stock Holdings in Brixmor Property Group Inc (NYSE:BRX)

Oregon Public Employees Retirement Fund boosted its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,648 shares of the real estate investment trust’s stock after purchasing an additional 2,760 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Brixmor Property Group were worth $2,157,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Regent Investment Management LLC bought a new position in shares of Brixmor Property Group in the second quarter worth about $495,000. Forward Management LLC bought a new position in Brixmor Property Group during the 2nd quarter worth about $1,162,000. Spirit of America Management Corp NY grew its holdings in Brixmor Property Group by 28.9% during the 2nd quarter. Spirit of America Management Corp NY now owns 35,425 shares of the real estate investment trust’s stock worth $634,000 after acquiring an additional 7,950 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Brixmor Property Group by 17.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 107,487 shares of the real estate investment trust’s stock worth $1,922,000 after acquiring an additional 15,582 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its holdings in Brixmor Property Group by 201.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 738,695 shares of the real estate investment trust’s stock worth $13,208,000 after acquiring an additional 493,665 shares in the last quarter. 98.23% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on BRX. KeyCorp set a $20.00 target price on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Wednesday, June 19th. BMO Capital Markets reiterated a “hold” rating and set a $17.00 target price on shares of Brixmor Property Group in a report on Wednesday. Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, July 16th. Finally, ValuEngine cut shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.89.

Shares of NYSE:BRX traded down $0.09 during trading on Friday, reaching $18.78. The stock had a trading volume of 2,457,968 shares, compared to its average volume of 2,617,124. Brixmor Property Group Inc has a one year low of $14.11 and a one year high of $19.11. The firm has a market cap of $5.65 billion, a P/E ratio of 10.15, a P/E/G ratio of 2.22 and a beta of 0.74. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.47 and a quick ratio of 0.52. The stock has a 50-day moving average of $18.23.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.24). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The firm had revenue of $291.00 million during the quarter, compared to the consensus estimate of $286.99 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, analysts forecast that Brixmor Property Group Inc will post 1.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 4th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Thursday, October 3rd. Brixmor Property Group’s payout ratio is currently 60.54%.

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 425 retail centers comprise approximately 74 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.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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