Allspring Global Investments Holdings LLC lessened its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,703 shares of the real estate investment trust's stock after selling 48,147 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of Brixmor Property Group worth $8,081,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Brixmor Property Group during the fourth quarter worth about $620,000. US Bancorp DE lifted its stake in Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 405 shares during the period. Smartleaf Asset Management LLC lifted its stake in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Brixmor Property Group by 54.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 885 shares during the period. Finally, M&T Bank Corp lifted its stake in Brixmor Property Group by 3.7% during the fourth quarter. M&T Bank Corp now owns 167,928 shares of the real estate investment trust's stock worth $4,675,000 after purchasing an additional 6,002 shares during the period. Institutional investors own 98.43% of the company's stock.
Brixmor Property Group Price Performance
Shares of Brixmor Property Group stock traded up $0.15 during midday trading on Friday, reaching $26.01. The company had a trading volume of 1,014,773 shares, compared to its average volume of 2,266,342. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. The stock has a fifty day simple moving average of $25.58 and a 200 day simple moving average of $26.09. Brixmor Property Group Inc. has a 1-year low of $22.29 and a 1-year high of $30.67.
Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. Brixmor Property Group's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.
Brixmor Property Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 109.52%.
Analyst Ratings Changes
A number of research analysts have commented on BRX shares. 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 for the company in a research note on Wednesday, March 26th. Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. UBS Group assumed coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 target price for the company. Finally, The Goldman Sachs Group cut their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.30.
Read Our Latest Research Report on BRX
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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