Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 45,503 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 164,340 shares of the real estate investment trust's stock after purchasing an additional 45,503 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Brixmor Property Group worth $4,575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the 4th quarter worth $26,000. Smartleaf Asset Management LLC increased its position in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the last quarter. Quarry LP lifted its holdings in Brixmor Property Group by 36.3% during 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 during the last quarter. UMB Bank n.a. boosted its holdings in Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BRX. Mizuho reduced their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Scotiabank decreased their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company reduced their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $30.48.

Brixmor Property Group Stock Performance

BRX traded down $0.09 during trading on Thursday, hitting $26.25. The stock had a trading volume of 5,001,418 shares, compared to its average volume of 2,111,163. 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 50 day simple moving average of $26.63 and a 200-day simple moving average of $27.56. The firm has a market cap of $8.03 billion, a PE ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS 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%. Analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio 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.