Brixmor Property Group Inc. $BRX Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 267,869 shares of the real estate investment trust’s stock after acquiring an additional 34,733 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Brixmor Property Group worth $7,415,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in shares of Brixmor Property Group by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock valued at $2,242,000 after purchasing an additional 400 shares during the period. State of Michigan Retirement System boosted its stake in Brixmor Property Group by 0.5% in the 2nd quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock worth $1,917,000 after buying an additional 400 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Brixmor Property Group by 4.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 451 shares during the period. Park Avenue Securities LLC increased its stake in shares of Brixmor Property Group by 1.3% during the 3rd quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust’s stock valued at $1,002,000 after acquiring an additional 478 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Brixmor Property Group by 7.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,003 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 485 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

BRX has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. 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 for the company. Scotiabank cut their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a report 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’s stock. Based on data from MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.30.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $26.35 on Wednesday. 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 1-year low of $22.28 and a 1-year high of $28.61. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.33 and a beta of 1.09. The business has a 50-day moving average of $25.98 and a 200-day moving average of $26.58.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. The firm had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.Brixmor Property Group’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group 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.