Thrivent Financial for Lutherans Sells 26,875 Shares of Brixmor Property Group Inc. $BRX

Thrivent Financial for Lutherans trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 9.1% in the third quarter, Holdings Channel reports. The fund owned 269,098 shares of the real estate investment trust’s stock after selling 26,875 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brixmor Property Group were worth $7,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in BRX. State Street Corp boosted its stake in Brixmor Property Group by 0.5% during the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after purchasing an additional 81,497 shares during the period. Franklin Resources Inc. boosted its position in shares of Brixmor Property Group by 10.1% in the second quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock valued at $317,328,000 after acquiring an additional 1,115,148 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Brixmor Property Group by 3.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after acquiring an additional 272,616 shares during the period. Invesco Ltd. grew its stake in shares of Brixmor Property Group by 16.3% in the second quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock worth $195,945,000 after acquiring an additional 1,056,827 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Brixmor Property Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 6,021,693 shares of the real estate investment trust’s stock worth $156,829,000 after acquiring an additional 52,389 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Brixmor Property Group Stock Performance

NYSE:BRX opened at $28.02 on Friday. The firm has a market capitalization 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. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $28.61. The firm has a 50-day moving average price of $26.09 and a 200 day moving average price of $26.63.

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.