Adelante Capital Management LLC Grows Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Adelante Capital Management LLC increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,342 shares of the real estate investment trust's stock after acquiring an additional 123,232 shares during the period. Brixmor Property Group makes up approximately 1.1% of Adelante Capital Management LLC's portfolio, making the stock its 24th biggest holding. Adelante Capital Management LLC owned 0.20% of Brixmor Property Group worth $16,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in 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 acquiring an additional 12,593 shares during the period. Proficio Capital Partners LLC acquired a new position in Brixmor Property Group during the fourth quarter worth $620,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Brixmor Property Group by 38.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock worth $6,073,000 after acquiring an additional 60,567 shares during the period. Invesco Ltd. grew its holdings in Brixmor Property Group by 61.1% during the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after acquiring an additional 2,180,541 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in Brixmor Property Group during the fourth quarter worth $1,699,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BRX shares. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Scotiabank lowered their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Stifel Nicolaus lowered their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Finally, Mizuho lowered their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $24.92 on Wednesday. The company has a market cap of $7.62 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50-day simple moving average of $25.84 and a 200-day simple moving average of $27.13.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The business had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.61%. Brixmor Property Group's payout ratio is 103.60%.

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.

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