New York State Teachers Retirement System increased its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 311,980 shares of the real estate investment trust’s stock after purchasing an additional 40,800 shares during the period. New York State Teachers Retirement System’s holdings in Brixmor Property Group were worth $5,578,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new position in Brixmor Property Group in the 4th quarter worth $190,000. LS Investment Advisors LLC acquired a new position in Brixmor Property Group in the 1st quarter worth $289,000. Oakbrook Investments LLC acquired a new position in Brixmor Property Group in the 1st quarter worth $300,000. Crossmark Global Holdings Inc. acquired a new position in Brixmor Property Group in the 1st quarter worth $301,000. Finally, Dalton Greiner Hartman Maher & Co. acquired a new position in Brixmor Property Group in the 1st quarter worth $350,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.
A number of equities analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a report on Wednesday. Zacks Investment Research upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 16th. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. ValuEngine lowered shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, KeyCorp set a $20.00 price objective on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Brixmor Property Group has an average rating of “Hold” and a consensus price target of $18.89.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.24). The company had revenue of $291.00 million during the quarter, compared to analyst estimates of $286.99 million. Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. On average, equities analysts forecast that Brixmor Property Group Inc will post 1.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.96%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.
About Brixmor Property Group
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
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