Teacher Retirement System of Texas Acquires 56,729 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Teacher Retirement System of Texas lifted its position in Brixmor Property Group Inc. (NYSE:BRX) by 41.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,985 shares of the real estate investment trust’s stock after purchasing an additional 56,729 shares during the quarter. Teacher Retirement System of Texas’ holdings in Brixmor Property Group were worth $5,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Glenmede Trust Co. NA boosted its holdings in shares of Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares in the last quarter. Vestcor Inc purchased a new position in shares of Brixmor Property Group in the 3rd quarter worth about $776,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Brixmor Property Group by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after purchasing an additional 159,388 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 12,593 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth about $620,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on BRX. Mizuho cut their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company dropped their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their target price for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Trading Down 1.4 %

NYSE BRX opened at $25.61 on Monday. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week 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. The stock has a 50 day simple moving average of $26.64 and a two-hundred day simple moving average of $27.59. The stock has a market cap of $7.83 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (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%. On average, analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 4.49%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

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.