Teacher Retirement System of Texas Has $2.63 Million Stake in Brixmor Property Group Inc. $BRX

Teacher Retirement System of Texas trimmed its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,091 shares of the real estate investment trust’s stock after selling 5,284 shares during the period. Teacher Retirement System of Texas’ holdings in Brixmor Property Group were worth $2,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Securian Asset Management Inc. raised its holdings in shares of Brixmor Property Group by 1.8% during the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust’s stock worth $617,000 after acquiring an additional 400 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Brixmor Property Group by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock worth $2,242,000 after acquiring an additional 400 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Brixmor Property Group by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 451 shares during the period. US Bancorp DE raised its position in Brixmor Property Group by 6.0% in the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 484 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Brixmor Property Group by 53.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 498 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BRX. Wells Fargo & Company began coverage on Brixmor Property Group in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 target price on the stock. Evercore ISI lifted their target price on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price on the stock. Mizuho lifted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. lifted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.69.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the transaction, the insider owned 302,657 shares of the company’s stock, valued at $8,537,953.97. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

Brixmor Property Group Stock Down 0.1%

NYSE:BRX opened at $26.18 on Monday. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.47 and a beta of 1.33. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The stock’s 50 day moving average price is $27.48 and its two-hundred day moving average price is $26.38. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. The firm had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be given a dividend of $0.3075 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.23 annualized dividend and a dividend yield of 4.7%. Brixmor Property Group’s payout ratio is presently 112.84%.

About Brixmor Property Group

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.