Teachers Retirement System of The State of Kentucky Reduces Position in Brixmor Property Group Inc. (NYSE:BRX)

Teachers Retirement System of The State of Kentucky reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,233 shares of the real estate investment trust’s stock after selling 4,640 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Brixmor Property Group were worth $2,456,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC raised its holdings in shares of Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 12,593 shares during the period. Proficio Capital Partners LLC purchased a new stake in Brixmor Property Group in the fourth quarter worth $620,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brixmor Property Group by 38.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock worth $6,073,000 after purchasing an additional 60,567 shares during the period. Invesco Ltd. lifted its position in shares of Brixmor Property Group by 61.1% during the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at $1,699,000. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Scotiabank decreased their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Wells Fargo & Company dropped their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Stock Performance

Shares of BRX opened at $25.70 on Friday. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67. The stock has a fifty day moving average price of $25.95 and a 200-day moving average price of $27.16. 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 firm has a market cap of $7.86 billion, a PE ratio of 23.15, a P/E/G ratio of 2.66 and a beta of 1.30.

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, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Equities research 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were issued a $0.2875 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.47%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Brixmor Property Group Company Profile

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.