Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 515,252 shares of the real estate investment trust's stock after selling 65,549 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Brixmor Property Group worth $14,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Quarry LP boosted its position in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 364 shares during the last quarter. US Bancorp DE lifted its stake in shares of Brixmor Property Group by 5.3% in the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Brixmor Property Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock worth $1,710,000 after buying an additional 434 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Brixmor Property Group by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after buying an additional 441 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock valued at $261,000 after buying an additional 511 shares during the period. Institutional investors own 98.43% of the company's stock.

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Brixmor Property Group Price Performance

BRX traded up $1.75 during trading on Wednesday, reaching $24.81. 2,813,285 shares of the company traded hands, compared to its average volume of 2,220,782. The firm has a fifty day simple moving average of $26.31 and a 200 day simple moving average of $27.34. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a market cap of $7.59 billion, a P/E ratio of 22.35, a PEG ratio of 2.66 and a beta of 1.30. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.64%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's payout ratio is presently 103.60%.

Analyst Ratings Changes

Several research analysts have weighed in on BRX shares. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Scotiabank decreased their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Wells Fargo & Company cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Mizuho reduced their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group 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.