Public Employees Retirement System of Ohio Sells 67,546 Shares of Brixmor Property Group Inc. $BRX

Public Employees Retirement System of Ohio trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 13.0% in the first quarter, Holdings Channel reports. The institutional investor owned 450,895 shares of the real estate investment trust’s stock after selling 67,546 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Brixmor Property Group were worth $12,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Brixmor Property Group by 4.6% during the fourth quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 384 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Brixmor Property Group by 17.4% in the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 398 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Brixmor Property Group by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,775 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 413 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Brixmor Property Group by 0.9% during the 1st quarter. IFM Investors Pty Ltd now owns 50,073 shares of the real estate investment trust’s stock valued at $1,442,000 after purchasing an additional 459 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Brixmor Property Group by 2.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 465 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of several analyst reports. KeyCorp raised their target price on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. UBS Group upped their price target on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus increased their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Piper Sandler raised their price objective on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of “Buy” and a consensus price target of $33.75.

Brixmor Property Group Trading Up 0.0%

Brixmor Property Group stock opened at $32.45 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.86. The stock has a market cap of $9.96 billion, a P/E ratio of 22.53, a PEG ratio of 2.72 and a beta of 0.98. The firm’s fifty day moving average price is $31.34 and its 200-day moving average price is $29.71.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The company had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

About Brixmor Property Group

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.