Retirement Systems of Alabama Buys 1,221 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Retirement Systems of Alabama grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 990,783 shares of the real estate investment trust’s stock after buying an additional 1,221 shares during the period. Retirement Systems of Alabama owned 0.33% of Brixmor Property Group worth $27,583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of 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 valued at $26,000 after buying an additional 723 shares during the period. Quarry LP increased its position in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group in the third quarter worth approximately $46,000. Blue Trust Inc. increased its position in shares of Brixmor Property Group by 103.7% in the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,448 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Brixmor Property Group by 53.1% in the third quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 1,533 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BRX. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Stifel Nicolaus upped their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Truist Financial upped their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, KeyCorp upped their target price on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.38.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $26.01 on Thursday. The firm has a market cap of $7.86 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 3.60 and a beta of 1.58. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The business has a 50 day moving average price of $27.50 and a 200-day moving average price of $27.36.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.