Schroder Investment Management Group Sells 268,571 Shares of Brixmor Property Group Inc. $BRX

Schroder Investment Management Group lowered its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,800,195 shares of the real estate investment trust’s stock after selling 268,571 shares during the quarter. Schroder Investment Management Group’s holdings in Brixmor Property Group were worth $46,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Brixmor Property Group by 41.2% in the first quarter. Cetera Investment Advisers now owns 55,236 shares of the real estate investment trust’s stock worth $1,467,000 after purchasing an additional 16,123 shares during the last quarter. LPL Financial LLC grew its holdings in Brixmor Property Group by 81.6% during the 1st quarter. LPL Financial LLC now owns 133,785 shares of the real estate investment trust’s stock valued at $3,552,000 after buying an additional 60,112 shares in the last quarter. Natixis Advisors LLC increased its stake in Brixmor Property Group by 0.4% in the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust’s stock worth $3,550,000 after acquiring an additional 519 shares during the last quarter. US Bancorp DE raised its holdings in shares of Brixmor Property Group by 6.0% during the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 484 shares in the last quarter. Finally, IFG Advisory LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter worth approximately $227,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $26.14 on Monday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.10. The firm has a 50-day moving average of $26.83 and a two-hundred day moving average of $26.49. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.52.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. 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 Thursday, January 15th. Shareholders of record on Monday, January 5th will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.7%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. Brixmor Property Group’s payout ratio is presently 105.50%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BRX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research note on Wednesday, October 8th. Evercore ISI boosted their target price on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Wells Fargo & Company initiated coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price on the stock. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.45.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.