State of New Jersey Common Pension Fund D Has $8.11 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

State of New Jersey Common Pension Fund D decreased its position in Brixmor Property Group Inc. (NYSE:BRX) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 291,235 shares of the real estate investment trust’s stock after selling 19,664 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.10% of Brixmor Property Group worth $8,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glenmede Trust Co. NA grew 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 valued at $1,050,000 after buying an additional 26,000 shares during the period. Vestcor Inc acquired a new position in Brixmor Property Group in the 3rd quarter worth $776,000. Charles Schwab Investment Management Inc. boosted its stake in 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 during the period. Park Avenue Securities LLC boosted its stake in 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 during the period. Finally, Natixis Advisors LLC boosted its stake in Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after purchasing an additional 36,823 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.4 %

Shares of BRX stock opened at $27.56 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50-day moving average is $27.08 and its 200-day moving average is $27.50. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.54 and a beta of 1.58. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.14 EPS 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 issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.17%. 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 106.48%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BRX shares. Truist Financial upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Scotiabank upped their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Mizuho upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, KeyCorp increased 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.87.

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.