Adelante Capital Management LLC Takes Position in Brixmor Property Group Inc. $BRX

Adelante Capital Management LLC purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,148,695 shares of the real estate investment trust's stock, valued at approximately $36,219,000. Brixmor Property Group accounts for 2.4% of Adelante Capital Management LLC's portfolio, making the stock its 12th largest position. Adelante Capital Management LLC owned 0.37% of Brixmor Property Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. Cassaday & Co Wealth Management LLC bought a new position in shares of Brixmor Property Group during the first quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new position in Brixmor Property Group during the 2nd quarter worth $29,000. Allworth Financial LP acquired a new position in Brixmor Property Group in the 2nd quarter valued at $29,000. Clearstead Advisors LLC lifted its position in shares of Brixmor Property Group by 96.9% during the 4th 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. Finally, Loomis Sayles & Co. L P increased its position in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,130 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Trading Down 0.3%

Shares of Brixmor Property Group stock opened at $29.40 on Thursday. The company has a market capitalization of $9.02 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The stock has a fifty day simple moving average of $31.07 and a 200 day simple moving average of $30.36. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The business had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. During the same period in the prior year, the company earned $0.56 earnings per share. The business's revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group's payout ratio is currently 87.86%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore upgraded Brixmor Property Group to a "strong-buy" rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a "hold" rating in a research report on Tuesday, July 28th. UBS Group increased their target price on Brixmor Property Group from $34.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Jefferies Financial Group upgraded shares of Brixmor Property Group to a "strong-buy" rating in a report on Friday, June 26th. Finally, Citigroup boosted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.33.

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.

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