abrdn plc Acquires 174,155 Shares of Brixmor Property Group Inc. (NYSE:BRX)

abrdn plc increased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,106,447 shares of the real estate investment trust’s stock after buying an additional 174,155 shares during the period. abrdn plc owned about 0.37% of Brixmor Property Group worth $30,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Glenmede Trust Co. NA raised its stake in Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 26,000 shares in the last quarter. Vestcor Inc acquired a new position in shares of Brixmor Property Group during the third quarter worth $776,000. Charles Schwab Investment Management Inc. increased its position in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after purchasing an additional 159,388 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 12,593 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Brixmor Property Group by 33.3% during the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after purchasing an additional 36,823 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

NYSE:BRX opened at $26.01 on Thursday. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 3.60 and a beta of 1.58. The firm’s fifty day moving average is $27.50 and its two-hundred day moving average is $27.36.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Scotiabank upped their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company reduced their price target on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Evercore ISI dropped their price objective on shares of Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Finally, KeyCorp boosted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.38.

Brixmor Property Group Profile

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.