Brixmor Property Group Inc. $BRX Stock Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 32.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 676,725 shares of the real estate investment trust’s stock after purchasing an additional 167,100 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Brixmor Property Group were worth $19,530,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC boosted its stake in Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 495 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of Brixmor Property Group by 1,215.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,130 shares during the last quarter. SHP Wealth Management bought a new position in shares of Brixmor Property Group in the fourth quarter worth $34,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter valued at $42,000. Finally, Prosperity Bancshares Inc bought a new position in Brixmor Property Group in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

BRX has been the topic of several recent analyst reports. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Wells Fargo & Company lifted their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Truist Financial boosted their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $33.75.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $32.66 on Wednesday. The firm’s 50 day simple moving average is $31.16 and its 200-day simple moving average is $29.58. The company has a market cap of $10.02 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.80.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The business had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, equities research analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.