State of New Jersey Common Pension Fund D Raises Holdings in Brixmor Property Group Inc. (NYSE:BRX)

State of New Jersey Common Pension Fund D increased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 310,899 shares of the real estate investment trust's stock after purchasing an additional 19,413 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.10% of Brixmor Property Group worth $8,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 723 shares during the period. Blue Trust Inc. lifted its holdings in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,007 shares during the last quarter. Maryland Capital Advisors Inc. bought a new stake in shares of Brixmor Property Group in the 3rd quarter worth approximately $46,000. Abich Financial Wealth Management LLC grew its stake in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust's stock worth $54,000 after buying an additional 775 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 431 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.76% of the company's stock.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded up $0.24 during trading hours on Monday, reaching $28.98. 1,567,202 shares of the stock traded hands, compared to its average volume of 2,293,146. Brixmor Property Group Inc. has a one year low of $20.69 and a one year high of $29.17. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.92 and a beta of 1.57. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a 50 day moving average price of $27.68 and a 200 day moving average price of $25.05.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). The business had revenue of $320.68 million for the quarter, compared to analysts' expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. On average, equities research analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.287 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.15 annualized dividend and a yield of 3.96%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. Brixmor Property Group's payout ratio is currently 100.93%.

Analysts Set New Price Targets

BRX has been the topic of a number of recent research reports. Scotiabank increased their target price on Brixmor Property Group from $25.00 to $29.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 26th. The Goldman Sachs Group raised their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Evercore ISI upped their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. KeyCorp raised their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Finally, Compass Point increased their target price on Brixmor Property Group from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of "Moderate Buy" and an average price target of $28.54.

About Brixmor Property Group

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 362 retail centers comprise approximately 64 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.