abrdn plc Has $18.91 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

abrdn plc decreased its position in Brixmor Property Group Inc. (NYSE:BRX) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 812,737 shares of the real estate investment trust’s stock after selling 34,477 shares during the quarter. abrdn plc’s holdings in Brixmor Property Group were worth $18,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Brixmor Property Group by 1,073.3% in the third quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock worth $62,754,000 after purchasing an additional 2,762,529 shares in the last quarter. Invesco Ltd. increased its stake in Brixmor Property Group by 22.8% in the 3rd quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust’s stock valued at $144,004,000 after buying an additional 1,288,656 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Brixmor Property Group by 9.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,918,610 shares of the real estate investment trust’s stock worth $268,449,000 after buying an additional 1,130,130 shares in the last quarter. Wellington Management Group LLP lifted its position in Brixmor Property Group by 9.7% during the 3rd quarter. Wellington Management Group LLP now owns 10,521,686 shares of the real estate investment trust’s stock worth $218,641,000 after buying an additional 929,966 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Brixmor Property Group by 126.8% during the 3rd quarter. Strs Ohio now owns 1,332,975 shares of the real estate investment trust’s stock worth $27,699,000 after buying an additional 745,288 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $21.76 on Thursday. The firm has a market cap of $6.55 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 2.62 and a beta of 1.53. The business’s 50 day moving average is $22.43 and its 200-day moving average is $22.17. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). The business had revenue of $316.49 million for the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. Brixmor Property Group’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.273 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Monday, April 1st. Brixmor Property Group’s dividend payout ratio is 107.92%.

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.