Texas Permanent School Fund Corp Decreases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Texas Permanent School Fund Corp cut its stake in Brixmor Property Group Inc. (NYSE:BRXFree Report) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,178 shares of the real estate investment trust’s stock after selling 9,338 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Brixmor Property Group worth $5,303,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BRX. Vanguard Group Inc. increased its holdings in shares of Brixmor Property Group by 0.6% during the third quarter. Vanguard Group Inc. now owns 45,506,473 shares of the real estate investment trust’s stock valued at $840,504,000 after purchasing an additional 275,636 shares during the period. BlackRock Inc. boosted its stake in Brixmor Property Group by 0.4% during the first quarter. BlackRock Inc. now owns 36,400,269 shares of the real estate investment trust’s stock valued at $783,334,000 after buying an additional 149,259 shares in the last quarter. Wellington Management Group LLP boosted its stake in Brixmor Property Group by 99.4% during the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock valued at $519,296,000 after buying an additional 10,028,534 shares in the last quarter. State Street Corp boosted its stake in Brixmor Property Group by 13.6% during the first quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock valued at $430,669,000 after buying an additional 2,001,159 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Brixmor Property Group by 8.1% during the second quarter. Franklin Resources Inc. now owns 13,260,258 shares of the real estate investment trust’s stock valued at $291,726,000 after buying an additional 993,415 shares in the last quarter. 94.98% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $22.55 on Tuesday. The stock’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $21.95. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.83 and a beta of 1.55. Brixmor Property Group Inc. has a one year low of $19.40 and a one year high of $24.47.

Analyst Ratings Changes

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

Read Our Latest Stock Report on Brixmor Property Group

Insider Activity at Brixmor Property Group

In related news, CFO Angela M. Aman sold 10,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the chief financial officer now owns 152,054 shares of the company’s stock, valued at approximately $3,649,296. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Brixmor Property Group news, CFO Angela M. Aman sold 10,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the chief financial officer now owns 152,054 shares of the company’s stock, valued at $3,649,296. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the transaction, the insider now directly owns 186,873 shares in the company, valued at approximately $4,298,079. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $586,950 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

Brixmor Property Group 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.

See Also

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

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