Allianz Asset Management GmbH Sells 366,375 Shares of Brixmor Property Group Inc. $BRX

Allianz Asset Management GmbH trimmed its position in Brixmor Property Group Inc. (NYSE:BRX) by 24.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,154,690 shares of the real estate investment trust’s stock after selling 366,375 shares during the quarter. Allianz Asset Management GmbH owned about 0.38% of Brixmor Property Group worth $31,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in Brixmor Property Group by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock valued at $2,242,000 after acquiring an additional 400 shares during the period. State of Michigan Retirement System lifted its position in shares of Brixmor Property Group by 0.5% during the 2nd quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock worth $1,917,000 after purchasing an additional 400 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Brixmor Property Group by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 451 shares during the period. Park Avenue Securities LLC grew its holdings in Brixmor Property Group by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust’s stock valued at $1,002,000 after buying an additional 478 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Brixmor Property Group by 7.4% in the 3rd quarter. GAMMA Investing LLC now owns 7,003 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 485 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $28.02 on Friday. The firm has a market cap of $8.58 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.10. The firm’s 50-day simple moving average is $26.09 and its 200-day simple moving average is $26.63. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $28.61. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Wells Fargo & Company began coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price for the company. UBS Group increased their price target on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Scotiabank reduced their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.30.

Brixmor Property Group Company Profile

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.