New York State Common Retirement Fund Sells 27,145 Shares of Brixmor Property Group Inc. (NYSE:BRX)

New York State Common Retirement Fund decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,059 shares of the real estate investment trust’s stock after selling 27,145 shares during the period. New York State Common Retirement Fund owned 0.10% of Brixmor Property Group worth $6,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in Brixmor Property Group by 27.9% during the 3rd quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 535 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Brixmor Property Group in the third quarter valued at approximately $216,000. QRG Capital Management Inc. purchased a new position in Brixmor Property Group during the third quarter valued at approximately $228,000. NBC Securities Inc. bought a new stake in Brixmor Property Group during the 3rd quarter worth approximately $253,000. Finally, Vanderbilt University bought a new stake in Brixmor Property Group during the 4th quarter worth approximately $265,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BRX. Mizuho restated a “neutral” rating and set a $24.00 price target (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. 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 report on Wednesday, March 27th. Truist Financial reissued a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Brixmor Property Group in a research report on Tuesday, January 30th. They set a “buy” rating and a $27.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.38.

Insider Activity

In other news, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, March 6th. The stock was 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 of the company’s stock, valued at approximately $925,487.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $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 Performance

NYSE:BRX opened at $22.20 on Friday. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.45 and a quick ratio of 0.58. The business has a 50 day moving average of $22.28 and a 200 day moving average of $22.23. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.67 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business had revenue of $320.24 million during the quarter, compared to the consensus estimate of $314.82 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Brixmor Property Group Inc. will post 2.09 earnings per share for the current fiscal year.

Brixmor Property Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.2725 per share. The ex-dividend date is Monday, July 1st. This represents a $1.09 annualized dividend and a yield of 4.91%. Brixmor Property Group’s payout ratio is 117.21%.

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.