Allspring Global Investments Holdings LLC Has $10.38 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Allspring Global Investments Holdings LLC increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 10.2% during the third quarter, HoldingsChannel.com reports. The fund owned 372,437 shares of the real estate investment trust’s stock after purchasing an additional 34,602 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brixmor Property Group were worth $10,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new position in shares of Brixmor Property Group in the first quarter valued at approximately $47,000. PGGM Investments raised its holdings in Brixmor Property Group by 167.2% in the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after acquiring an additional 2,353,582 shares during the period. 1832 Asset Management L.P. acquired a new position in Brixmor Property Group during the 1st quarter worth $16,964,000. SG Americas Securities LLC boosted its holdings in Brixmor Property Group by 115.8% during the first quarter. SG Americas Securities LLC now owns 136,678 shares of the real estate investment trust’s stock valued at $3,205,000 after acquiring an additional 73,335 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Brixmor Property Group in the first quarter valued at about $124,978,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the 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 transaction, the director now owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BRX. Piper Sandler restated an “overweight” rating and set a $33.00 target price (up previously from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Evercore ISI upped their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Truist Financial raised their price target on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Brixmor Property Group Trading Down 1.5 %

BRX stock opened at $27.47 on Friday. 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 Inc. has a twelve month low of $19.63 and a twelve month high of $28.45. The company has a market cap of $8.28 billion, a P/E ratio of 29.54, a PEG ratio of 4.43 and a beta of 1.57. The business has a fifty day moving average of $27.46 and a 200-day moving average of $24.53.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The business had revenue of $315.69 million for 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 business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.20%.

Brixmor Property Group Company Profile

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.