Allspring Global Investments Holdings LLC Purchases 34,602 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Allspring Global Investments Holdings LLC grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,437 shares of the real estate investment trust's stock after buying an additional 34,602 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Brixmor Property Group worth $10,376,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its position in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 723 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,007 shares in the last quarter. Larson Financial Group LLC bought a new stake in Brixmor Property Group during the first quarter worth $47,000. Abich Financial Wealth Management LLC lifted its stake in Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 775 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 431 shares during the period. Institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $24.00 to $25.50 and gave the company a "hold" rating in a research note on Tuesday, July 30th. Mizuho lifted their target price on Brixmor Property Group from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Evercore ISI boosted their target price on Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. StockNews.com downgraded Brixmor Property Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th. Finally, Scotiabank increased their price objective on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a "sector outperform" rating in a research report on Monday, August 26th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average price target of $28.38.

Brixmor Property Group Trading Down 1.5 %

BRX traded down $0.41 during midday trading on Friday, hitting $27.47. 1,652,550 shares of the company were exchanged, compared to its average volume of 2,282,959. The firm's 50 day moving average price is $27.46 and its 200-day moving average price is $24.55. Brixmor Property Group Inc. has a 1-year low of $19.63 and a 1-year high of $28.45. The firm has a market capitalization of $8.28 billion, a P/E ratio of 29.54, a P/E/G ratio of 4.43 and a beta of 1.57. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $315.69 million for the quarter, compared to the consensus estimate of $317.75 million. During the same period in the prior year, the business earned $0.52 EPS. Brixmor Property Group's quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were paid a dividend of $0.2725 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 3.97%. Brixmor Property Group's dividend payout ratio is currently 117.20%.

Insiders Place Their Bets

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is currently owned by corporate insiders.

About Brixmor Property Group

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.