Treasurer of the State of North Carolina Increases Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Treasurer of the State of North Carolina raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 151,432 shares of the real estate investment trust’s stock after buying an additional 1,573 shares during the quarter. Treasurer of the State of North Carolina owned about 0.05% of Brixmor Property Group worth $4,216,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Brixmor Property Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock worth $156,473,000 after buying an additional 44,485 shares during the period. Sanctuary Advisors LLC acquired a new stake in Brixmor Property Group during the 3rd quarter worth about $577,000. World Investment Advisors LLC purchased a new stake in Brixmor Property Group during the 3rd quarter valued at about $385,000. Tidal Investments LLC purchased a new stake in Brixmor Property Group during the 3rd quarter valued at about $472,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Brixmor Property Group in the third quarter valued at about $25,492,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BRX. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Scotiabank dropped their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Mizuho decreased their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Stock Down 0.2 %

Shares of NYSE BRX opened at $24.98 on Wednesday. The company has a market capitalization of $7.64 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.66 and a beta of 1.30. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day simple moving average of $26.21 and a 200-day simple moving average of $27.25. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 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%. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were given a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.60%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is presently 103.60%.

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.