New York State Common Retirement Fund Has $4.70 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

New York State Common Retirement Fund lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,892 shares of the real estate investment trust's stock after acquiring an additional 11,500 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Brixmor Property Group worth $4,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Ascent Group LLC boosted its holdings in Brixmor Property Group by 6.0% during the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after buying an additional 521 shares in the last quarter. Quarry LP boosted its holdings in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after buying an additional 533 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Brixmor Property Group by 0.7% during the first quarter. Nisa Investment Advisors LLC now owns 80,350 shares of the real estate investment trust's stock worth $2,133,000 after buying an additional 559 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Brixmor Property Group by 5.6% during the first quarter. Ballentine Partners LLC now owns 11,967 shares of the real estate investment trust's stock worth $318,000 after buying an additional 631 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in Brixmor Property Group by 7.0% during the fourth quarter. Point72 Hong Kong Ltd now owns 10,367 shares of the real estate investment trust's stock worth $289,000 after buying an additional 677 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Scotiabank decreased their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. The Goldman Sachs Group decreased their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. UBS Group assumed coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price for the company. Finally, Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price for the company in a report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.30.

Brixmor Property Group Stock Performance

Brixmor Property Group stock traded down $0.18 during mid-day trading on Friday, hitting $25.62. 2,010,746 shares of the company's stock traded hands, compared to its average volume of 2,232,486. The firm has a 50 day simple moving average of $25.62 and a two-hundred day simple moving average of $25.91. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 2.68 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. During the same quarter last year, the business earned $0.54 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is presently 109.52%.

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.