Wellington Management Group LLP Sells 533,363 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Wellington Management Group LLP cut its position in Brixmor Property Group Inc. (NYSE:BRX) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,919,336 shares of the real estate investment trust’s stock after selling 533,363 shares during the quarter. Wellington Management Group LLP owned approximately 1.93% of Brixmor Property Group worth $164,794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BRX. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares during the last quarter. Quarry LP increased its position in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 364 shares during the period. UMB Bank n.a. lifted its holdings in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,140 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

BRX has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Mizuho reduced their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. 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 research report on Tuesday, February 11th. Wells Fargo & Company cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Price Performance

NYSE:BRX opened at $26.75 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a market cap of $8.18 billion, a PE ratio of 24.10, 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 $20.80 and a 12 month high of $30.67. The company’s 50-day moving average price is $26.64 and its two-hundred day moving average price is $27.53.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.30%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Brixmor Property Group Company 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.