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

Teacher Retirement System of Texas decreased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 44.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Transcend Capital Advisors LLC purchased a new position in Brixmor Property Group during the first quarter worth about $356,000. Fifth Third Bancorp boosted its holdings in Brixmor Property Group by 54.6% during the first quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 1,628 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Brixmor Property Group by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 861 shares during the last quarter. Tower View Wealth Management LLC purchased a new position in Brixmor Property Group during the first quarter worth about $328,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Brixmor Property Group by 20.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 261,431 shares of the real estate investment trust's stock worth $6,941,000 after purchasing an additional 44,068 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Trading Up 0.3%

Shares of NYSE:BRX traded up $0.08 on Thursday, hitting $25.61. The company had a trading volume of 1,721,756 shares, compared to its average volume of 2,279,442. Brixmor Property Group Inc. has a 1 year low of $22.29 and a 1 year high of $30.67. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.65 and a beta of 1.23. The firm's 50-day simple moving average is $25.60 and its two-hundred day simple moving average is $26.05. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73.

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 the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The business had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. During the same period in the previous year, the company earned $0.54 earnings per share. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Scotiabank decreased their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.30.

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.