Brixmor Property Group Inc (NYSE:BRX) Sees Significant Decline in Short Interest

Brixmor Property Group Inc (NYSE:BRX) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 11,480,000 shares, a decrease of 9.8% from the September 30th total of 12,730,000 shares. Approximately 3.9% of the company’s stock are sold short. Based on an average daily volume of 2,830,000 shares, the short-interest ratio is currently 4.1 days.

Shares of NYSE BRX traded down $0.02 during trading on Friday, reaching $22.33. The company had a trading volume of 1,171,168 shares, compared to its average volume of 2,813,504. Brixmor Property Group has a 12-month low of $14.11 and a 12-month high of $22.50. The stock has a market cap of $6.66 billion, a PE ratio of 12.08, a P/E/G ratio of 2.49 and a beta of 0.73. The business’s 50-day moving average is $20.99 and its 200 day moving average is $19.03. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Brixmor Property Group had a return on equity of 10.41% and a net margin of 24.75%. The company had revenue of $292.97 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same period in the prior year, the company posted $0.42 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. On average, analysts anticipate that Brixmor Property Group will post 1.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be paid a $0.285 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is currently 60.54%.

Several equities research analysts recently weighed in on BRX shares. Barclays reaffirmed a “hold” rating and issued a $21.00 price target on shares of Brixmor Property Group in a research note on Sunday, October 13th. ValuEngine raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 5th. KeyCorp upped their price target on Brixmor Property Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Scotiabank cut Brixmor Property Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $20.00 to $19.00 in a research note on Friday, August 16th. Finally, Deutsche Bank cut Brixmor Property Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $20.00 to $19.00 in a research note on Thursday, September 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Brixmor Property Group currently has a consensus rating of “Hold” and an average price target of $20.28.

In related news, insider Brian T. Finnegan sold 3,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $22.24, for a total value of $66,720.00. Following the sale, the insider now directly owns 224,646 shares of the company’s stock, valued at $4,996,127.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank purchased a new stake in shares of Brixmor Property Group during the third quarter valued at $26,000. Phocas Financial Corp. purchased a new stake in shares of Brixmor Property Group during the second quarter valued at $53,000. First Quadrant L P CA boosted its position in shares of Brixmor Property Group by 1,263.2% during the third quarter. First Quadrant L P CA now owns 3,040 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,817 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Brixmor Property Group during the second quarter valued at $82,000. Finally, Machina Capital S.A.S. purchased a new stake in shares of Brixmor Property Group during the second quarter valued at $111,000. 99.94% of the stock is currently owned by hedge funds and other institutional investors.

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 425 retail centers comprise approximately 74 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.

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