Allspring Global Investments Holdings LLC Purchases 336,875 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Allspring Global Investments Holdings LLC grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 164.2% in the 4th quarter, HoldingsChannel reports. The fund owned 542,022 shares of the real estate investment trust’s stock after buying an additional 336,875 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brixmor Property Group were worth $12,613,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BRX. Brown Brothers Harriman & Co. acquired a new stake in shares of Brixmor Property Group in the 1st quarter worth about $43,000. Covestor Ltd raised its stake in shares of Brixmor Property Group by 170.2% in the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,159 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 42.9% in the first quarter. Belpointe Asset Management LLC now owns 1,931 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 580 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Brixmor Property Group by 27.9% during the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 535 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Brixmor Property Group during the second quarter worth $80,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Brixmor Property Group in a report on Tuesday, January 30th. They set a “buy” rating and a $27.00 price objective on the stock. The Goldman Sachs Group cut their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Stifel Nicolaus boosted their price objective on Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Mizuho reaffirmed a “neutral” rating and set a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Finally, Truist Financial reissued a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.38.

Insiders Place Their Bets

In related news, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the sale, the insider now directly owns 225,051 shares in the company, valued at approximately $5,176,173. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Brian T. Finnegan sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the transaction, the insider now directly owns 225,051 shares in the company, valued at $5,176,173. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael B. Berman sold 10,475 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the sale, the director now directly owns 40,556 shares in the company, valued at approximately $925,487.92. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Down 0.9 %

BRX stock opened at $21.24 on Tuesday. Brixmor Property Group Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $24.47. The stock has a fifty day moving average of $22.58 and a 200-day moving average of $22.11. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.58 and a beta of 1.53. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The business had revenue of $316.49 million during the quarter, compared to analysts’ expectations of $311.77 million. During the same quarter in the previous year, the business earned $0.49 EPS. Brixmor Property Group’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities research analysts predict that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.273 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.09 dividend on an annualized basis and a yield of 5.14%. Brixmor Property Group’s payout ratio is presently 107.92%.

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.