New York State Common Retirement Fund Has $6.80 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

New York State Common Retirement Fund decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRXFree Report) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 327,204 shares of the real estate investment trust’s stock after selling 47,031 shares during the period. New York State Common Retirement Fund’s holdings in Brixmor Property Group were worth $6,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Brixmor Property Group during the first quarter worth approximately $43,000. Covestor Ltd increased its holdings in shares of Brixmor Property Group by 170.2% during the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,159 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Brixmor Property Group by 42.9% during the first quarter. Belpointe Asset Management LLC now owns 1,931 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 580 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Brixmor Property Group by 27.9% during the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 535 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Brixmor Property Group in the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research reports. Mizuho raised their price target on shares of Brixmor Property Group from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Monday, November 13th. Finally, Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $24.50 to $22.75 and set a “hold” rating for the company in a report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $25.09.

Read Our Latest Stock Report on Brixmor Property Group

Insiders Place Their Bets

In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $23.26, for a total transaction of $174,450.00. Following the completion of the sale, the insider now owns 213,549 shares of the company’s stock, valued at approximately $4,967,149.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Angela M. Aman sold 10,000 shares of Brixmor Property Group stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now directly owns 152,054 shares of the company’s stock, valued at $3,649,296. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.26, for a total transaction of $174,450.00. Following the transaction, the insider now directly owns 213,549 shares in the company, valued at $4,967,149.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,000 shares of company stock valued at $586,950. Company insiders own 0.64% of the company’s stock.

Brixmor Property Group Price Performance

BRX opened at $22.76 on Friday. The company has a fifty day moving average price of $22.88 and a two-hundred day moving average price of $21.95. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.55 and a current ratio of 0.55. Brixmor Property Group Inc. has a 52 week low of $19.40 and a 52 week high of $24.47. The firm has a market capitalization of $6.84 billion, a PE ratio of 20.32, a P/E/G ratio of 1.83 and a beta of 1.55.

Brixmor Property Group Company Profile

(Free Report)

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 364 retail centers comprise approximately 65 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.

Read More

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRXFree Report).

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.