Allspring Global Investments Holdings LLC Cuts Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,703 shares of the real estate investment trust's stock after selling 48,147 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of Brixmor Property Group worth $8,081,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Transcend Capital Advisors LLC purchased a new position in Brixmor Property Group during the first quarter valued at approximately $356,000. Robeco Institutional Asset Management B.V. grew its holdings in Brixmor Property Group by 20.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 261,431 shares of the real estate investment trust's stock worth $6,941,000 after purchasing an additional 44,068 shares during the last quarter. Fourth Dimension Wealth LLC grew its holdings in Brixmor Property Group by 76.5% in the first quarter. Fourth Dimension Wealth LLC now owns 4,529 shares of the real estate investment trust's stock worth $120,000 after purchasing an additional 1,963 shares during the last quarter. Tower View Wealth Management LLC purchased a new position in Brixmor Property Group in the first quarter worth $328,000. Finally, Retirement Systems of Alabama grew its holdings in Brixmor Property Group by 0.5% in the first quarter. Retirement Systems of Alabama now owns 995,856 shares of the real estate investment trust's stock worth $26,440,000 after purchasing an additional 5,073 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

NYSE BRX traded down $0.33 on Tuesday, reaching $25.51. 3,999,017 shares of the company's stock traded hands, compared to its average volume of 2,280,031. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 2.68 and a beta of 1.23. The stock has a 50 day moving average price of $25.59 and a 200-day moving average price of $26.06. Brixmor Property Group Inc. has a fifty-two week low of $22.29 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.51%. Brixmor Property Group's payout ratio is 109.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BRX shares. UBS Group started coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. The Goldman Sachs Group cut their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.30.

About Brixmor Property Group

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.