Allianz Asset Management GmbH Has $31.96 Million Stock Position in Brixmor Property Group Inc. $BRX

Allianz Asset Management GmbH cut its position in Brixmor Property Group Inc. (NYSE:BRX) by 24.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,154,690 shares of the real estate investment trust’s stock after selling 366,375 shares during the quarter. Allianz Asset Management GmbH’s holdings in Brixmor Property Group were worth $31,962,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BRX. Vanguard Personalized Indexing Management LLC raised its position in shares of Brixmor Property Group by 36.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 41,875 shares of the real estate investment trust’s stock worth $1,090,000 after acquiring an additional 11,096 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in Brixmor Property Group by 6.0% in the third quarter. Retirement Systems of Alabama now owns 1,057,592 shares of the real estate investment trust’s stock valued at $29,274,000 after acquiring an additional 60,017 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Brixmor Property Group in the second quarter worth about $535,000. Westwood Holdings Group Inc. increased its position in Brixmor Property Group by 27.2% in the second quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust’s stock worth $15,081,000 after purchasing an additional 123,695 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in Brixmor Property Group during the 3rd quarter worth about $1,491,000. 98.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BRX shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. UBS Group raised their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company assumed coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price for the company. JPMorgan Chase & Co. increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Scotiabank decreased their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.30.

Brixmor Property Group Trading Up 1.0%

BRX opened at $28.02 on Friday. The firm’s fifty day moving average is $26.09 and its two-hundred day moving average is $26.63. The firm has a market cap of $8.58 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.46 and a beta of 1.10. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $28.61. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19.

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.