Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 29.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,844 shares of the real estate investment trust’s stock after selling 17,006 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Brixmor Property Group were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BRX. Wellington Management Group LLP boosted its holdings in Brixmor Property Group by 99.4% in the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after acquiring an additional 10,028,534 shares in the last quarter. Waterfront Capital Partners LLC acquired a new stake in Brixmor Property Group in the second quarter worth about $40,537,000. State Street Corp boosted its holdings in Brixmor Property Group by 13.6% in the first quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock worth $430,669,000 after acquiring an additional 2,001,159 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Brixmor Property Group by 15.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,263,776 shares of the real estate investment trust’s stock worth $247,851,000 after acquiring an additional 1,650,319 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Brixmor Property Group by 37.4% in the second quarter. Goldman Sachs Group Inc. now owns 3,343,667 shares of the real estate investment trust’s stock worth $67,575,000 after acquiring an additional 909,512 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Brixmor Property Group Stock Up 1.2 %

Brixmor Property Group stock opened at $22.56 on Monday. The stock has a market capitalization of $6.77 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.55. Brixmor Property Group Inc. has a 12 month low of $17.62 and a 12 month high of $27.19. The business has a 50 day simple moving average of $22.57 and a 200-day simple moving average of $21.65. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.55 and a quick ratio of 0.55.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Wednesday, January 4th were given a $0.26 dividend. The ex-dividend date was Tuesday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.61%. Brixmor Property Group’s payout ratio is 96.30%.

Insider Activity

In other news, Director Michael B. Berman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $22.96, for a total value of $344,400.00. Following the completion of the sale, the director now directly owns 45,146 shares in the company, valued at $1,036,552.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BRX. Credit Suisse Group raised their price target on Brixmor Property Group to $24.00 in a report on Friday, November 4th. Piper Sandler decreased their target price on Brixmor Property Group from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, October 7th. StockNews.com assumed coverage on Brixmor Property Group in a report on Wednesday, October 12th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Brixmor Property Group from $23.00 to $21.00 and set a “hold” rating for the company in a report on Friday, October 7th. Finally, Mizuho decreased their target price on Brixmor Property Group from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.42.

About Brixmor Property Group

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.