Allspring Global Investments Holdings LLC Sells 19,587 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Allspring Global Investments Holdings LLC lessened its stake in Brixmor Property Group Inc. (NYSE:BRX) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 352,850 shares of the real estate investment trust’s stock after selling 19,587 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Brixmor Property Group worth $9,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BRX. Captrust Financial Advisors bought a new position in shares of Brixmor Property Group during the third quarter valued at approximately $46,695,000. Brookfield Corp ON purchased a new position in Brixmor Property Group during the 3rd quarter valued at $38,051,000. Zurich Insurance Group Ltd FI grew its position in Brixmor Property Group by 44.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after acquiring an additional 959,000 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Brixmor Property Group in the third quarter worth $25,492,000. Finally, FMR LLC lifted its position in shares of Brixmor Property Group by 136.8% during the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock worth $29,773,000 after purchasing an additional 617,341 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Down 0.4 %

Shares of NYSE BRX opened at $27.56 on Wednesday. The business’s 50 day moving average is $27.08 and its two-hundred day moving average is $27.50. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.54 and a beta of 1.58. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Research analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.17%. Brixmor Property Group’s payout ratio is 106.48%.

Analysts Set New Price Targets

A number of brokerages have commented on BRX. Mizuho upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Finally, KeyCorp increased their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.87.

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.