Allspring Global Investments Holdings LLC Sells 108,773 Shares of Brixmor Property Group Inc. $BRX

Allspring Global Investments Holdings LLC decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 35.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,930 shares of the real estate investment trust’s stock after selling 108,773 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Brixmor Property Group worth $5,100,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BRX. Smartleaf Asset Management LLC lifted its stake in Brixmor Property Group by 53.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 498 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Brixmor Property Group by 146.4% in the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 953 shares during the period. SVB Wealth LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter valued at about $44,000. Blue Trust Inc. lifted its stake in shares of Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 709 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in Brixmor Property Group during the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the sale, the insider directly owned 302,657 shares of the company’s stock, valued at $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on BRX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research note on Wednesday, October 8th. Evercore ISI raised their target price on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. LADENBURG THALM/SH SH initiated coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Finally, Scotiabank raised their price target on shares of Brixmor Property Group from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, September 15th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $30.75.

Brixmor Property Group Trading Up 0.3%

Shares of BRX opened at $27.31 on Tuesday. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm’s 50-day moving average price is $27.38 and its 200-day moving average price is $26.17. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.58 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. Brixmor Property Group’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s payout ratio is currently 104.55%.

Brixmor Property Group Company 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.