Oregon Public Employees Retirement Fund Acquires 434 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Oregon Public Employees Retirement Fund increased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,435 shares of the real estate investment trust’s stock after purchasing an additional 434 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Brixmor Property Group were worth $1,710,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its holdings in Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares in the last quarter. Vestcor Inc acquired a new position in Brixmor Property Group during the 3rd quarter worth $776,000. Charles Schwab Investment Management Inc. lifted its position in Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after acquiring an additional 159,388 shares during the last quarter. Park Avenue Securities LLC lifted its position in Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 12,593 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Brixmor Property Group by 33.3% during the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after acquiring an additional 36,823 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group Stock Performance

NYSE BRX opened at $27.94 on Friday. The stock has a market cap of $8.55 billion, a P/E ratio of 25.17, a PEG ratio of 2.66 and a beta of 1.58. The company’s 50-day simple moving average is $26.90 and its 200 day simple moving average is $27.60. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.12%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is presently 103.60%.

Brixmor Property Group Company 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.