Wellington Management Group LLP Sells 78,905 Shares of Brixmor Property Group Inc. $BRX

Wellington Management Group LLP decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 owned about 0.53% of Brixmor Property Group worth $51,207,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Brixmor Property Group during the 2nd quarter valued at $1,265,950,000. State Street Corp lifted its position in shares of Brixmor Property Group by 0.5% in the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after acquiring an additional 81,497 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Brixmor Property Group by 22.5% in the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after acquiring an additional 2,275,242 shares during the period. Invesco Ltd. boosted its stake in Brixmor Property Group by 6.8% during the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock worth $222,457,000 after buying an additional 511,976 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Brixmor Property Group by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 6,266,337 shares of the real estate investment trust’s stock valued at $164,334,000 after buying an additional 119,786 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $29.29 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $8.99 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.23 and a beta of 0.97. The business has a 50-day moving average price of $30.80 and a two-hundred day moving average price of $30.38. Brixmor Property Group Inc. has a 1-year low of $24.66 and a 1-year high of $32.86.

Brixmor Property Group (NYSE:BRX) last announced 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). 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 previous year, the business posted $0.56 earnings per share. Brixmor Property Group’s revenue was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts predict that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

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 paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio is 87.86%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BRX shares. UBS Group raised their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. BMO Capital Markets upped their target price on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Finally, Citigroup raised their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price 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.