Oregon Public Employees Retirement Fund Sells 11,700 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Oregon Public Employees Retirement Fund trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 15.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,601 shares of the real estate investment trust’s stock after selling 11,700 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Brixmor Property Group were worth $1,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new position in shares of Brixmor Property Group during the first quarter worth about $124,978,000. Norges Bank purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $73,143,000. PGGM Investments increased its holdings in shares of Brixmor Property Group by 167.2% in the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after buying an additional 2,353,582 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Brixmor Property Group by 16.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock valued at $348,718,000 after buying an additional 2,067,135 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Brixmor Property Group by 13.6% during the 4th quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock worth $197,049,000 after acquiring an additional 1,016,209 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the sale, the director now owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the insider now owns 360,004 shares in the company, valued at $8,640,096. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now directly owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

BRX has been the topic of a number of research analyst reports. KeyCorp increased their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Scotiabank raised their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Evercore ISI upped their target price on Brixmor Property Group from $26.00 to $27.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Finally, StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.13.

Brixmor Property Group Trading Down 0.4 %

NYSE:BRX opened at $27.18 on Friday. The firm has a market capitalization of $8.19 billion, a P/E ratio of 29.23, a P/E/G ratio of 4.79 and a beta of 1.57. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The company has a fifty day moving average of $25.18 and a 200 day moving average of $23.31. Brixmor Property Group Inc. has a 52 week low of $19.46 and a 52 week high of $27.70.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $315.69 million for the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. On average, research analysts predict that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.01%. Brixmor Property Group’s dividend payout ratio is currently 117.20%.

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 362 retail centers comprise approximately 64 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.