Teacher Retirement System of Texas trimmed its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 44.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,375 shares of the real estate investment trust's stock after selling 86,610 shares during the quarter. Teacher Retirement System of Texas' holdings in Brixmor Property Group were worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its stake in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after buying an additional 521 shares during the last quarter. Quarry LP grew its stake in Brixmor Property Group by 39.0% during the 4th 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 during the last quarter. Blue Trust Inc. grew its stake in Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after buying an additional 709 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Brixmor Property Group by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust's stock worth $70,000 after buying an additional 885 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. UBS Group assumed coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company. The Goldman Sachs Group lowered 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. Finally, Scotiabank lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.30.
Get Our Latest Analysis on Brixmor Property Group
Brixmor Property Group Price Performance
BRX stock traded up $0.24 during trading hours on Friday, hitting $25.84. 2,590,419 shares of the stock traded hands, compared to its average volume of 2,291,471. The stock has a 50-day simple moving average of $25.61 and a 200 day simple moving average of $26.02. Brixmor Property Group Inc. has a one year low of $22.29 and a one year high of $30.67. The company has a market cap of $7.91 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.68 and a beta of 1.23. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73.
Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating 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 business had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. During the same quarter last year, the business posted $0.54 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.
Brixmor Property Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.45%. Brixmor Property Group's dividend payout ratio is currently 109.52%.
Brixmor Property Group Company Profile
(
Free Report)
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.
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