Teacher Retirement System of Texas Reduces Stake in Brixmor Property Group Inc. (NYSE:BRX)

Teacher Retirement System of Texas cut its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 44.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,375 shares of the real estate investment trust's stock after selling 86,610 shares during the period. Teacher Retirement System of Texas' holdings in Brixmor Property Group were worth $2,824,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in shares of Brixmor Property Group by 6.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock valued at $216,930,000 after acquiring an additional 467,146 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Brixmor Property Group by 31.3% in the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock valued at $163,778,000 after purchasing an additional 1,404,034 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after purchasing an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Brixmor Property Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock valued at $157,450,000 after purchasing an additional 38,911 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Brixmor Property Group by 7.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after purchasing an additional 393,317 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. UBS Group began coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. Scotiabank cut their target price on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Finally, The Goldman Sachs Group dropped their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.30.

Brixmor Property Group Stock Performance

Shares of BRX traded up $0.24 during midday trading on Friday, reaching $25.84. 2,590,419 shares of the stock were exchanged, compared to its average volume of 2,288,917. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.66 and a beta of 1.23. The business's 50-day moving average price is $25.61 and its 200 day moving average price is $26.03. Brixmor Property Group Inc. has a twelve month low of $22.29 and a twelve month high of $30.67. 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 issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, sell-side 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 will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 109.52%.

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.