Strs Ohio Buys 171,076 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Strs Ohio grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,504,051 shares of the real estate investment trust's stock after purchasing an additional 171,076 shares during the quarter. Strs Ohio owned approximately 0.50% of Brixmor Property Group worth $34,999,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Brixmor Property Group by 5.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 352,609 shares of the real estate investment trust's stock valued at $8,205,000 after purchasing an additional 18,004 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in Brixmor Property Group in the 4th quarter valued at approximately $559,000. Louisiana State Employees Retirement System acquired a new stake in Brixmor Property Group in the 4th quarter valued at approximately $1,964,000. Allspring Global Investments Holdings LLC increased its position in Brixmor Property Group by 164.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 542,022 shares of the real estate investment trust's stock valued at $12,613,000 after acquiring an additional 336,875 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Brixmor Property Group in the 4th quarter valued at approximately $324,000. 98.43% of the stock is owned by institutional investors.

Insider Transactions at Brixmor Property Group

In related news, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the completion of the sale, the director now owns 40,556 shares of the company's stock, valued at $925,487.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the completion of the sale, the insider now owns 225,051 shares of the company's stock, valued at $5,176,173. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now directly owns 40,556 shares of the company's stock, valued at approximately $925,487.92. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.20 during trading hours on Tuesday, hitting $21.04. 2,391,765 shares of the company were exchanged, compared to its average volume of 2,638,390. The company has a market capitalization of $6.34 billion, a PE ratio of 20.83, a PEG ratio of 2.58 and a beta of 1.53. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a fifty day simple moving average of $22.55 and a 200-day simple moving average of $22.12. Brixmor Property Group Inc. has a one year low of $19.40 and a one year high of $24.47.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.27). The company had revenue of $316.49 million for the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.27. Brixmor Property Group's dividend payout ratio (DPR) is 107.92%.

Wall Street Analyst Weigh In

BRX has been the topic of several analyst reports. Truist Financial restated a "buy" rating and issued a $25.00 target price on shares of Brixmor Property Group in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They issued a "buy" rating and a $27.00 target price on the stock. Mizuho restated a "neutral" rating and issued a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Stifel Nicolaus lifted their price target on Brixmor Property Group from $22.75 to $24.00 and gave the company a "hold" rating in a research report on Tuesday, February 13th. Finally, The Goldman Sachs Group lowered their price target on Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.38.

About Brixmor Property Group

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.