Brixmor Property Group Inc. (NYSE:BRX) Short Interest Up 37.7% in January

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 10,300,000 shares, a growth of 37.7% from the January 15th total of 7,480,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the days-to-cover ratio is currently 4.6 days.

Brixmor Property Group Stock Down 0.4 %

NYSE:BRX traded down $0.11 during mid-day trading on Tuesday, hitting $27.56. 3,183,212 shares of the company's stock traded hands, compared to its average volume of 2,656,058. The company has a fifty day moving average of $27.08 and a 200 day moving average of $27.50. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. Brixmor Property Group has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a market capitalization of $8.32 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. On average, analysts forecast that Brixmor Property Group will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.17%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio (DPR) is currently 106.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BRX shares. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $28.00 to $33.00 in a research report on Friday. Wells Fargo & Company dropped their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Mizuho raised their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Finally, Truist Financial lifted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.87.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the transaction, the insider now owns 315,004 shares of the company's stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brixmor Property Group

A number of large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its position in Brixmor Property Group by 6.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after acquiring an additional 467,146 shares during the period. Deutsche Bank AG lifted its holdings in shares of Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after purchasing an additional 1,404,034 shares during the period. Invesco Ltd. boosted its position in Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after buying an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC increased its holdings in Brixmor Property Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after buying an additional 38,911 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Brixmor Property Group by 7.8% during the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock worth $151,155,000 after buying an additional 393,317 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

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.