Allspring Global Investments Holdings LLC Grows Stake in Brixmor Property Group Inc. $BRX

Allspring Global Investments Holdings LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 253.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 509,625 shares of the real estate investment trust’s stock after purchasing an additional 365,535 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.17% of Brixmor Property Group worth $13,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BRX. Wellington Management Group LLP grew its position in Brixmor Property Group by 49.6% in the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after acquiring an additional 2,119,890 shares in the last quarter. Hudson Bay Capital Management LP increased its stake in Brixmor Property Group by 163.7% during the 2nd quarter. Hudson Bay Capital Management LP now owns 2,245,273 shares of the real estate investment trust’s stock worth $58,467,000 after buying an additional 1,393,811 shares during the period. Aew Capital Management L P increased its stake in Brixmor Property Group by 75.6% during the 3rd quarter. Aew Capital Management L P now owns 2,882,414 shares of the real estate investment trust’s stock worth $79,785,000 after buying an additional 1,241,326 shares during the period. Adelante Capital Management LLC acquired a new position in Brixmor Property Group in the 3rd quarter worth $30,831,000. Finally, SG Americas Securities LLC lifted its holdings in Brixmor Property Group by 2,455.7% in the 4th quarter. SG Americas Securities LLC now owns 1,125,634 shares of the real estate investment trust’s stock worth $29,514,000 after buying an additional 1,081,590 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Activity

In other news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares in the company, valued at $534,152. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRX. JPMorgan Chase & Co. upped their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th. UBS Group boosted their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Truist Financial increased their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Piper Sandler lifted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

Brixmor Property Group Trading Down 0.0%

Shares of NYSE:BRX opened at $28.90 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.83. The company’s 50-day moving average price is $28.92 and its 200 day moving average price is $27.33. The company has a market cap of $8.87 billion, a PE ratio of 22.94, a P/E/G ratio of 2.60 and a beta of 1.06. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.70.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The business had revenue of $353.75 million during the quarter, compared to the consensus estimate of $347.42 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio is currently 97.62%.

About Brixmor Property Group

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.