Brixmor Property Group Inc. $BRX Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 6.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,057,592 shares of the real estate investment trust’s stock after buying an additional 60,017 shares during the quarter. Retirement Systems of Alabama’s holdings in Brixmor Property Group were worth $29,274,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BRX. Royal Bank of Canada boosted its position in shares of Brixmor Property Group by 39.9% in the first quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock worth $5,405,000 after buying an additional 58,058 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Brixmor Property Group by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock valued at $45,231,000 after buying an additional 89,827 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Brixmor Property Group by 31.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,815 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 3,055 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Brixmor Property Group in the 2nd quarter worth approximately $930,000. Finally, GAMMA Investing LLC boosted its holdings in Brixmor Property Group by 28.9% in the 2nd quarter. GAMMA Investing LLC now owns 6,518 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 1,463 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BRX. Wells Fargo & Company initiated coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Scotiabank decreased their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. UBS Group raised their target price on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.30.

Brixmor Property Group Trading Up 0.5%

NYSE BRX opened at $26.39 on Monday. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $28.61. The company’s fifty day moving average price is $25.97 and its two-hundred day moving average price is $26.57.

Brixmor Property Group (NYSE:BRX) last released its 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 company had revenue of $340.84 million during the quarter, compared to the consensus estimate of $335.23 million. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The company’s 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. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.