New York State Teachers Retirement System Grows Holdings in Brixmor Property Group Inc. $BRX

New York State Teachers Retirement System lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 0.1% in the second quarter, HoldingsChannel reports. The firm owned 340,951 shares of the real estate investment trust’s stock after buying an additional 483 shares during the quarter. New York State Teachers Retirement System’s holdings in Brixmor Property Group were worth $8,878,000 as of its most recent SEC filing.

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

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the transaction, the insider owned 302,657 shares in the company, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Trading Up 1.4%

Shares of Brixmor Property Group stock opened at $27.21 on Monday. The company has a fifty day simple moving average of $27.35 and a 200-day simple moving average of $26.14. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.58 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business had revenue of $339.40 million during the quarter, compared to analysts’ expectations of $332.59 million. During the same quarter in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio is presently 104.55%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BRX shares. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Scotiabank boosted their price target on shares of Brixmor Property Group from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, September 15th. Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Mizuho boosted their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Finally, Evercore ISI boosted their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and an average price target of $30.75.

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.