Adelante Capital Management LLC Grows Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Adelante Capital Management LLC grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 25.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 606,342 shares of the real estate investment trust’s stock after purchasing an additional 123,232 shares during the period. Brixmor Property Group comprises 1.1% of Adelante Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Adelante Capital Management LLC’s holdings in Brixmor Property Group were worth $16,880,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BRX. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its stake in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 521 shares during the period. Headlands Technologies LLC purchased a new stake in Brixmor Property Group during the fourth quarter worth approximately $26,000. UMB Bank n.a. grew its stake in 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 period. Finally, Quarry LP grew its stake in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 533 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BRX. Mizuho decreased their price objective 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. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Scotiabank reduced their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Finally, Evercore ISI raised shares of 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Trading Down 4.2 %

BRX opened at $24.92 on Wednesday. The stock has a market capitalization of $7.62 billion, a PE ratio of 22.45, a P/E/G ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. The firm’s fifty day moving average price is $25.84 and its 200 day moving average price is $27.13. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to analysts’ expectations of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.61%. Brixmor Property Group’s dividend payout ratio (DPR) is 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.