Allspring Global Investments Holdings LLC Has $9.71 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Allspring Global Investments Holdings LLC decreased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Brixmor Property Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust's stock worth $156,473,000 after acquiring an additional 44,485 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock worth $138,185,000 after buying an additional 159,388 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Brixmor Property Group by 44.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock worth $86,499,000 after buying an additional 959,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Brixmor Property Group by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust's stock worth $65,900,000 after buying an additional 79,778 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Brixmor Property Group during the third quarter worth $46,695,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BRX shares. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. KeyCorp lifted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report 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 objective for the company in a report on Tuesday, February 11th. Finally, Wells Fargo & Company cut their price objective on Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.87.

Brixmor Property Group Trading Down 0.6 %

NYSE:BRX traded down $0.18 on Friday, hitting $27.29. 1,921,680 shares of the stock were exchanged, compared to its average volume of 2,615,584. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.65 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. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company's 50-day moving average price is $26.98 and its 200 day moving average price is $27.52.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced 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 return on equity of 11.72% and a net margin of 26.40%. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.21%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's payout ratio is currently 103.60%.

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.