Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $4.62 Million Stock Position in Brixmor Property Group Inc. $BRX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 177,267 shares of the real estate investment trust’s stock after acquiring an additional 6,722 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Brixmor Property Group were worth $4,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Brixmor Property Group by 53.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 498 shares during the period. Brooklyn Investment Group boosted its position in shares of Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 953 shares during the last quarter. SVB Wealth LLC bought a new stake in Brixmor Property Group during the first quarter worth $44,000. Avalon Trust Co purchased a new stake in Brixmor Property Group in the 1st quarter valued at $59,000. Finally, Parallel Advisors LLC lifted its stake in Brixmor Property Group by 40.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 655 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

BRX has been the subject of several recent analyst reports. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their target price 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. Finally, Scotiabank lowered their price target on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.45.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated 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 directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Price Performance

BRX stock opened at $26.14 on Wednesday. The firm has a 50 day simple moving average of $27.12 and a two-hundred day simple moving average of $26.45. The stock has a market cap of $8.00 billion, a PE ratio of 23.98, a P/E/G ratio of 2.46 and a beta of 1.31. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67. 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 (NYSE:BRX) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The firm had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be paid a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 4.7%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. Brixmor Property Group’s dividend payout ratio is presently 105.50%.

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.