Teacher Retirement System of Texas Boosts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Teacher Retirement System of Texas boosted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 41.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 192,985 shares of the real estate investment trust's stock after acquiring an additional 56,729 shares during the period. Teacher Retirement System of Texas owned 0.06% of Brixmor Property Group worth $5,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BRX. Quarry LP lifted its holdings in Brixmor Property Group by 36.3% in 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 period. US Bancorp DE raised its holdings in 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 in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Brixmor Property Group by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock worth $1,710,000 after purchasing an additional 434 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after buying an additional 441 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Brixmor Property Group by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after buying an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Brixmor Property Group Stock Performance

Shares of BRX traded down $0.09 during mid-day trading on Thursday, hitting $26.25. 5,001,418 shares of the company traded hands, compared to its average volume of 2,111,163. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59. The stock has a 50-day moving average price of $26.63 and a two-hundred day moving average price of $27.56. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. 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 issued its quarterly earnings data 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%. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho decreased their target price 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. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their price target on shares of 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. Scotiabank cut their price objective on shares of 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. Finally, BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

About Brixmor Property Group

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.