Wellington Management Group LLP Has $51.21 Million Stake in Brixmor Property Group Inc. $BRX

Wellington Management Group LLP cut its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,624,072 shares of the real estate investment trust’s stock after selling 78,905 shares during the quarter. Wellington Management Group LLP’s holdings in Brixmor Property Group were worth $51,207,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Brixmor Property Group in the 2nd quarter worth $1,265,950,000. Canada Pension Plan Investment Board acquired a new position in Brixmor Property Group during the 2nd quarter worth approximately $180,406,000. Principal Financial Group Inc. grew its stake in shares of Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after acquiring an additional 4,518,001 shares in the last quarter. Norges Bank bought a new position in Brixmor Property Group in the fourth quarter valued at $112,307,000. Finally, Deutsche Bank AG acquired a new position in shares of Brixmor Property Group during the 2nd quarter worth about $122,922,000. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BRX has been the subject of several recent research reports. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Piper Sandler raised their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. BMO Capital Markets increased their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Citigroup increased their target price on 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 investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

Brixmor Property Group Trading Down 0.4%

NYSE BRX opened at $29.29 on Friday. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 2.23 and a beta of 0.97. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. The business’s fifty day moving average is $30.80 and its 200 day moving average is $30.38.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The business had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

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

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.