Brixmor Property Group Inc. (NYSE:BRX) Short Interest Update

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 9,050,000 shares, a decrease of 26.1% from the March 15th total of 12,250,000 shares. Approximately 3.0% of the company's stock are short sold. Based on an average daily trading volume, of 2,540,000 shares, the short-interest ratio is presently 3.6 days.

Wall Street Analyst Weigh In

BRX has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Scotiabank cut their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Mizuho lowered their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.48.

Brixmor Property Group Stock Performance

Shares of BRX traded up $0.11 during mid-day trading on Wednesday, hitting $25.80. 2,156,089 shares of the company's stock were exchanged, compared to its average volume of 2,214,559. The firm has a market capitalization of $7.89 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.66 and a beta of 1.30. Brixmor Property Group has a fifty-two week low of $21.32 and a fifty-two week high of $30.67. The business's 50 day moving average is $25.99 and its two-hundred day moving average is $27.17. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

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 for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts expect that Brixmor Property Group will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.46%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio is presently 103.60%.

Institutional Trading of Brixmor Property Group

Several hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Brixmor Property Group in the third quarter valued at about $577,000. World Investment Advisors LLC purchased a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $385,000. Tidal Investments LLC acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at approximately $472,000. Lord Abbett & CO. LLC acquired a new position in Brixmor Property Group during the third quarter worth $25,492,000. Finally, GAMMA Investing LLC raised its position in Brixmor Property Group by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 631 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

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.