Short Interest in Brixmor Property Group Inc. (NYSE:BRX) Grows By 29.3%

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 9,580,000 shares, a growth of 29.3% from the September 30th total of 7,410,000 shares. Based on an average daily volume of 2,140,000 shares, the days-to-cover ratio is presently 4.5 days.

Insider Activity

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the transaction, the director now directly owns 46,291 shares of the company's stock, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company's stock.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its position in shares of Brixmor Property Group by 40.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 50,578 shares of the real estate investment trust's stock valued at $1,186,000 after purchasing an additional 14,671 shares in the last quarter. tru Independence LLC boosted its holdings in Brixmor Property Group by 1.3% in the first quarter. tru Independence LLC now owns 124,760 shares of the real estate investment trust's stock worth $2,926,000 after acquiring an additional 1,650 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Brixmor Property Group by 2.4% in the first quarter. State of Michigan Retirement System now owns 73,807 shares of the real estate investment trust's stock worth $1,731,000 after acquiring an additional 1,700 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Brixmor Property Group by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 175,386 shares of the real estate investment trust's stock worth $4,111,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Norden Group LLC bought a new position in Brixmor Property Group in the first quarter worth approximately $640,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

BRX traded up $0.27 during trading on Monday, hitting $27.74. The stock had a trading volume of 1,902,448 shares, compared to its average volume of 2,281,130. The company has a 50 day moving average price of $27.49 and a 200-day moving average price of $24.59. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 29.82, a P/E/G ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a one year low of $19.88 and a one year high of $28.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50.

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

Analyst Ratings Changes

BRX has been the subject of a number of research analyst reports. Evercore ISI upped their target price on Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Piper Sandler reissued an "overweight" rating and set a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. KeyCorp boosted their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Scotiabank boosted their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a "sector outperform" rating in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.38.

Brixmor Property Group Company Profile

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.