Teacher Retirement System of Texas Has $5.37 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Teacher Retirement System of Texas raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 41.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 192,985 shares of the real estate investment trust’s stock after buying an additional 56,729 shares during the period. Teacher Retirement System of Texas owned 0.06% of Brixmor Property Group worth $5,373,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRX. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC increased its stake in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares during the last quarter. Quarry LP increased its stake in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 364 shares during the last quarter. UMB Bank n.a. increased its stake in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

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

Brixmor Property Group Stock Performance

NYSE:BRX opened at $25.61 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.66 and a beta of 1.59. The business’s fifty day moving average is $26.64 and its 200 day moving average is $27.59.

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

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Brixmor Property Group 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.