State of Alaska Department of Revenue Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

State of Alaska Department of Revenue boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,985 shares of the real estate investment trust’s stock after buying an additional 862 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Brixmor Property Group worth $4,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its stake 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 worth $26,000 after acquiring an additional 723 shares during the last quarter. Quarry LP grew its position in Brixmor Property Group by 36.3% during the 3rd 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. acquired a new position in Brixmor Property Group during the 3rd quarter valued at approximately $46,000. Blue Trust Inc. raised its holdings 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 buying an additional 1,448 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Brixmor Property Group by 53.1% during the third quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 1,533 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. KeyCorp upped their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Scotiabank increased their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Evercore ISI decreased their target price on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Stifel Nicolaus increased their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.38.

Brixmor Property Group Stock Performance

BRX opened at $26.71 on Friday. The firm has a fifty day moving average price of $27.42 and a 200 day moving average price of $27.35. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The stock has a market cap of $8.07 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.60 and a beta of 1.58. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is owned by corporate insiders.

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.