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

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 7,410,000 shares, a drop of 16.6% from the September 15th total of 8,890,000 shares. Based on an average trading volume of 2,190,000 shares, the short-interest ratio is presently 3.4 days.

Brixmor Property Group Stock Up 1.0 %

BRX stock traded up $0.28 during trading on Monday, hitting $27.19. 1,109,278 shares of the company's stock traded hands, compared to its average volume of 2,314,741. The firm has a market capitalization of $8.19 billion, a P/E ratio of 29.24, a PEG ratio of 4.43 and a beta of 1.57. The business has a fifty day simple moving average of $27.01 and a two-hundred day simple moving average of $24.20. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group has a 1 year low of $19.55 and a 1 year high of $28.45.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. Brixmor Property Group's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. Sell-side analysts anticipate that Brixmor Property Group will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.2725 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a dividend yield of 4.01%. Brixmor Property Group's payout ratio is currently 117.20%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Compass Point raised their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. The Goldman Sachs Group raised their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Truist Financial raised their target price on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.38.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the insider now owns 360,004 shares of the company's stock, valued at approximately $8,640,096. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares of the company's stock, valued at $1,178,105.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently made changes to their positions in BRX. Canada Pension Plan Investment Board acquired a new stake in shares of Brixmor Property Group during the first quarter worth $124,978,000. PGGM Investments raised its holdings in shares of Brixmor Property Group by 167.2% during the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust's stock worth $86,847,000 after purchasing an additional 2,353,582 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Brixmor Property Group during the second quarter worth $49,546,000. Millennium Management LLC raised its holdings in shares of Brixmor Property Group by 35.5% during the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock worth $132,443,000 after purchasing an additional 1,501,282 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of Brixmor Property Group during the first quarter worth $16,964,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

About Brixmor Property Group

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.