Brixmor Property Group Inc. $BRX Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 340,951 shares of the real estate investment trust’s stock after buying an additional 483 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Brixmor Property Group worth $8,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BRX. Ameriprise Financial Inc. lifted its holdings in Brixmor Property Group by 28.2% during the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust’s stock valued at $185,615,000 after purchasing an additional 1,537,737 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Brixmor Property Group during the first quarter valued at $34,702,000. Strs Ohio purchased a new position in Brixmor Property Group during the first quarter valued at $31,061,000. Nuveen LLC purchased a new position in Brixmor Property Group during the first quarter valued at $28,401,000. Finally, Allianz Asset Management GmbH lifted its holdings in Brixmor Property Group by 142.1% during the first quarter. Allianz Asset Management GmbH now owns 1,533,745 shares of the real estate investment trust’s stock valued at $40,721,000 after purchasing an additional 900,352 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRX. Wells Fargo & Company increased their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Scotiabank increased their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, September 15th. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price objective on the stock. Evercore ISI increased their price objective on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.75.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the sale, the insider directly owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $27.21 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The firm’s 50-day moving average is $27.35 and its two-hundred day moving average is $26.14. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The company has a market capitalization of $8.33 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same period in the previous year, the firm earned $0.54 earnings per share. Brixmor Property Group’s quarterly revenue was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, October 2nd. Brixmor Property Group’s payout ratio is 104.55%.

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.