VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 20,000 Shares of Brixmor Property Group Inc. $BRX

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,281 shares of the real estate investment trust’s stock after acquiring an additional 20,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Brixmor Property Group were worth $3,099,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BRX. Childress Capital Advisors LLC raised its position in shares of Brixmor Property Group by 15.0% during the 3rd quarter. Childress Capital Advisors LLC now owns 10,459 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 1,364 shares during the period. BOKF NA boosted its position in Brixmor Property Group by 1.1% during the 3rd quarter. BOKF NA now owns 217,401 shares of the real estate investment trust’s stock valued at $6,000,000 after purchasing an additional 2,360 shares during the period. Asset Management One Co. Ltd. boosted its position in Brixmor Property Group by 1.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 455,333 shares of the real estate investment trust’s stock valued at $12,567,000 after purchasing an additional 8,478 shares during the period. Miller Howard Investments Inc. NY grew its stake in Brixmor Property Group by 114.2% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 1,515,255 shares of the real estate investment trust’s stock worth $41,821,000 after buying an additional 808,010 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Brixmor Property Group by 112.0% during the 3rd quarter. Signaturefd LLC now owns 10,577 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 5,589 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Up 1.5%

Brixmor Property Group stock opened at $29.59 on Tuesday. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.19 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The company’s 50-day moving average price is $28.24 and its two-hundred day moving average price is $29.54. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $32.86.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.31). Brixmor Property Group had a net margin of 29.96% and a return on equity of 14.10%. The firm had revenue of $359.60 million for the quarter, compared to analyst estimates of $357.28 million. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect that Brixmor Property Group Inc. will post 2.37 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, January 5th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, January 5th. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.3075. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. Brixmor Property Group’s dividend payout ratio is presently 89.78%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BRX. Mizuho cut their target price on Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Thursday. Truist Financial started coverage on shares of Brixmor Property Group in a report on Friday, October 2nd. They issued a “buy” rating and a $31.00 price objective on the stock. Finally, Citigroup dropped their price objective on shares of Brixmor Property Group from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.95.

Brixmor Property Group Profile

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.