Louisiana State Employees Retirement System Sells 1,700 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Louisiana State Employees Retirement System cut its position in Brixmor Property Group Inc. (NYSE:BRX) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,500 shares of the real estate investment trust’s stock after selling 1,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Brixmor Property Group were worth $2,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning boosted its position in Brixmor Property Group by 2.8% during the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 396 shares during the period. Fifth Third Bancorp boosted its position in Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 431 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Brixmor Property Group by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 481 shares during the period. Truist Financial Corp boosted its position in Brixmor Property Group by 0.8% during the second quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock worth $1,948,000 after purchasing an additional 659 shares during the period. Finally, UMB Bank n.a. boosted its position in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 723 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Up 1.0 %

BRX stock opened at $27.74 on Tuesday. The company has a market cap of $8.36 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. The business has a 50-day simple moving average of $27.49 and a 200 day simple moving average of $24.59. Brixmor Property Group Inc. has a 52 week low of $19.88 and a 52 week high of $28.45. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The company had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BRX shares. Mizuho lifted their price objective on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Compass Point lifted their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Truist Financial lifted their target price on Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.38.

Insider Activity at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.76% of the stock is 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.