Teacher Retirement System of Texas Sells 80,387 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Teacher Retirement System of Texas decreased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 40.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,123 shares of the real estate investment trust's stock after selling 80,387 shares during the quarter. Teacher Retirement System of Texas' holdings in Brixmor Property Group were worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in Brixmor Property Group by 2.9% in the 3rd quarter. Metis Global Partners LLC now owns 17,625 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 496 shares during the period. Fifth Third Bancorp grew its holdings in Brixmor Property Group by 27.9% in the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 535 shares during the period. Assetmark Inc. increased its position in Brixmor Property Group by 2.5% during the third quarter. Assetmark Inc. now owns 23,657 shares of the real estate investment trust's stock worth $492,000 after purchasing an additional 582 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Brixmor Property Group by 1.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust's stock valued at $1,068,000 after purchasing an additional 606 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Brixmor Property Group by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust's stock valued at $2,732,000 after purchasing an additional 670 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Brixmor Property Group

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

Brixmor Property Group Stock Down 0.2 %

NYSE BRX traded down $0.04 during mid-day trading on Thursday, reaching $22.28. 1,327,405 shares of the company's stock traded hands, compared to its average volume of 2,574,751. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47. The company has a fifty day simple moving average of $22.20 and a 200-day simple moving average of $22.36. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.63 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.22). The company had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The company's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.09 EPS for the current year.

Brixmor Property Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Monday, July 1st. Brixmor Property Group's dividend payout ratio is presently 117.21%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a "buy" rating and a $27.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday. Truist Financial reissued a "buy" rating and issued a $25.00 price objective on shares of Brixmor Property Group in a research report on Monday, March 25th. Mizuho restated a "neutral" rating and set a $24.00 target price (up previously from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Finally, Stifel Nicolaus increased their price target on Brixmor Property Group from $22.75 to $24.00 and gave the company a "hold" rating in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $25.13.

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.