Public Employees Retirement System of Ohio Has $12.75 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Public Employees Retirement System of Ohio decreased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 543,764 shares of the real estate investment trust’s stock after selling 13,263 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.18% of Brixmor Property Group worth $12,751,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BRX. Quarry LP acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $40,000. GAMMA Investing LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $45,000. Larson Financial Group LLC acquired a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $47,000. Mather Group LLC. acquired a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $165,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $172,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BRX. StockNews.com raised Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Wells Fargo & Company decreased their target price on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 28th. JPMorgan Chase & Co. decreased their target price on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Finally, Mizuho decreased their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $25.13.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.17 during trading hours on Monday, hitting $24.73. 1,662,291 shares of the company were exchanged, compared to its average volume of 2,340,069. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 4.29 and a beta of 1.57. Brixmor Property Group Inc. has a fifty-two week low of $19.46 and a fifty-two week high of $24.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average is $22.82 and its 200 day moving average is $22.56.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). The company had revenue of $320.24 million for the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.11 earnings per share for the current fiscal year.

Insider Transactions at Brixmor Property Group

In related news, insider Steven F. Siegel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the insider now directly owns 360,004 shares of the company’s stock, valued at $8,640,096. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is currently owned by insiders.

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.