Wellington Management Group LLP Trims Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Wellington Management Group LLP trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,919,336 shares of the real estate investment trust's stock after selling 533,363 shares during the period. Wellington Management Group LLP owned 1.93% of Brixmor Property Group worth $164,794,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its stake in Brixmor Property Group by 25.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,122,101 shares of the real estate investment trust's stock valued at $59,079,000 after acquiring an additional 430,802 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Brixmor Property Group by 3.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 407,688 shares of the real estate investment trust's stock worth $11,350,000 after purchasing an additional 15,270 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth $2,741,000. Norges Bank acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth $110,205,000. Finally, Elo Mutual Pension Insurance Co purchased a new position in Brixmor Property Group in the 4th quarter valued at $283,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on BRX. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Mizuho lowered their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Scotiabank cut their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company reduced 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

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Brixmor Property Group Price Performance

Shares of NYSE:BRX traded down $0.35 during midday trading on Monday, hitting $23.61. 3,169,247 shares of the stock were exchanged, compared to its average volume of 2,225,429. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a 50 day moving average price of $26.50 and a 200-day moving average price of $27.44. The stock has a market cap of $7.22 billion, a P/E ratio of 21.27, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced 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. This represents a $1.15 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio is 103.60%.

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.