abrdn plc grew its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106,447 shares of the real estate investment trust's stock after purchasing an additional 174,155 shares during the period. abrdn plc owned approximately 0.37% of Brixmor Property Group worth $30,698,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BRX. Vert Asset Management LLC lifted its position in Brixmor Property Group by 10.6% during the fourth quarter. Vert Asset Management LLC now owns 132,159 shares of the real estate investment trust's stock valued at $3,679,000 after buying an additional 12,625 shares in the last quarter. KBC Group NV raised its stake in shares of Brixmor Property Group by 51.7% in the 4th quarter. KBC Group NV now owns 10,859 shares of the real estate investment trust's stock valued at $302,000 after acquiring an additional 3,702 shares during the period. Blue Trust Inc. lifted its holdings in shares of Brixmor Property Group by 29.5% during the 4th quarter. Blue Trust Inc. now owns 3,683 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 839 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in Brixmor Property Group by 15.5% during the 4th quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the real estate investment trust's stock worth $306,000 after purchasing an additional 1,472 shares during the period. Finally, Impact Partnership Wealth LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at $364,000. Hedge funds and other institutional investors own 98.43% of the company's stock.
Brixmor Property Group Stock Performance
NYSE BRX traded up $0.54 during trading hours on Friday, hitting $26.71. The company had a trading volume of 3,159,402 shares, compared to its average volume of 2,297,659. 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 $8.07 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The business has a fifty day simple moving average of $27.35 and a 200-day simple moving average of $27.37.
Wall Street Analyst Weigh In
BRX has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a "hold" rating in a report on Tuesday, October 29th. Truist Financial raised their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, November 15th. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Evercore ISI lowered their price objective on Brixmor Property Group from $32.00 to $31.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.38.
View Our Latest Analysis on Brixmor Property Group
Insider Buying and Selling
In other news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.76% of the company's stock.
Brixmor Property Group Company Profile
(
Free Report)
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.
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