abrdn plc Lowers Position in Brixmor Property Group Inc. (NYSE:BRX)

abrdn plc lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 812,737 shares of the real estate investment trust's stock after selling 34,477 shares during the period. abrdn plc owned about 0.27% of Brixmor Property Group worth $18,912,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in Brixmor Property Group by 27.9% during the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 535 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Brixmor Property Group during the third quarter valued at about $216,000. QRG Capital Management Inc. bought a new stake in shares of Brixmor Property Group in the 3rd quarter valued at about $228,000. GW Henssler & Associates Ltd. bought a new stake in shares of Brixmor Property Group in the 3rd quarter valued at about $239,000. Finally, NBC Securities Inc. purchased a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $253,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRX shares. Mizuho restated a "neutral" rating and issued a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Truist Financial restated a "buy" rating and issued a $25.00 target price on shares of Brixmor Property Group in a research note on Monday, March 25th. Stifel Nicolaus boosted their price target on Brixmor Property Group from $22.75 to $24.00 and gave the company a "hold" rating in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Brixmor Property Group in a research note on Tuesday, January 30th. They issued a "buy" rating and a $27.00 price objective for the company. Finally, The Goldman Sachs Group dropped their target price on Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and an average target price of $25.38.

Brixmor Property Group Stock Performance

Brixmor Property Group stock traded up $0.01 during midday trading on Thursday, hitting $21.77. 2,192,003 shares of the company were exchanged, compared to its average volume of 2,569,992. The business has a fifty day simple moving average of $22.41 and a two-hundred day simple moving average of $22.17. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $6.56 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.63 and a beta of 1.53. Brixmor Property Group Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $24.47.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The firm had revenue of $316.49 million for the quarter, compared to analyst estimates of $311.77 million. During the same period in the previous year, the business earned $0.49 EPS. Brixmor Property Group's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a $0.273 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.09 dividend on an annualized basis and a yield of 5.02%. Brixmor Property Group's payout ratio is presently 107.92%.

Insiders Place Their Bets

In other news, Director Michael B. Berman sold 10,475 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the sale, the director now directly owns 40,556 shares in the company, valued at approximately $925,487.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction on Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the sale, the insider now owns 225,051 shares of the company's stock, valued at approximately $5,176,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael B. Berman sold 10,475 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the transaction, the director now owns 40,556 shares of the company's stock, valued at $925,487.92. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Brixmor Property Group Profile

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.