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

State of New Jersey Common Pension Fund D cut its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,235 shares of the real estate investment trust's stock after selling 19,664 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.10% of Brixmor Property Group worth $8,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in Brixmor Property Group in the 3rd quarter worth $46,695,000. Brookfield Corp ON purchased a new stake in Brixmor Property Group in the third quarter worth about $38,051,000. Zurich Insurance Group Ltd FI boosted its position in Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock valued at $86,499,000 after acquiring an additional 959,000 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $25,492,000. Finally, FMR LLC raised its position in shares of Brixmor Property Group by 136.8% in the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust's stock worth $29,773,000 after acquiring an additional 617,341 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

NYSE:BRX traded down $0.18 during mid-day trading on Friday, reaching $27.29. The company's stock had a trading volume of 1,921,680 shares, compared to its average volume of 2,619,697. 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 stock has a market cap of $8.35 billion, a P/E ratio of 24.58, a PEG ratio of 2.65 and a beta of 1.58. The firm's fifty day moving average price is $26.98 and its two-hundred day moving average price is $27.52. 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 released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate 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 fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.21%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is presently 103.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. KeyCorp boosted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Finally, Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.87.

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.