Wellington Management Group LLP Reduces Position in Brixmor Property Group Inc. $BRX

Key Points

• Wellington Management Group LLP reduced its position in Brixmor Property Group Inc. by 30.6%, owning approximately 1.34% of the company after selling over 1.8 million shares in Q1.
• Despite the reduction by Wellington, other investors like Northern Trust Corp and Deutsche Bank AG significantly increased their stakes in Brixmor during the last quarter.
• Brixmor Property Group declared a quarterly dividend of $0.2875, set to be paid on October 15th, representing a 4.3% yield with a payout ratio of 104.55%.

Wellington Management Group LLP decreased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 30.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,110,941 shares of the real estate investment trust's stock after selling 1,808,395 shares during the period. Wellington Management Group LLP owned approximately 1.34% of Brixmor Property Group worth $109,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after purchasing an additional 2,388,264 shares during the last quarter. Deutsche Bank AG increased its holdings in Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after buying an additional 1,404,034 shares during the period. Jupiter Asset Management Ltd. purchased a new position in Brixmor Property Group during the 1st quarter worth approximately $34,702,000. Clark Capital Management Group Inc. lifted its stake in Brixmor Property Group by 406.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after acquiring an additional 1,216,548 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Brixmor Property Group in the 1st quarter valued at $28,401,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Trading Down 0.2%

Shares of BRX stock opened at $26.9550 on Friday. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 2.56 and a beta of 1.29. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $25.98 and a 200-day simple moving average of $25.91.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.3%. Brixmor Property Group's dividend payout ratio (DPR) is currently 104.55%.

Wall Street Analysts Forecast Growth

BRX has been the subject of several recent research reports. UBS Group initiated coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. Stifel Nicolaus decreased their price objective on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. The Goldman Sachs Group dropped their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Mizuho boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Scotiabank lowered their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.