Brixmor Property Group Inc. (NYSE:BRX) Short Interest Up 5.4% in December

Brixmor Property Group Inc. (NYSE:BRX) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 9,030,000 shares, a growth of 5.4% from the November 30th total of 8,570,000 shares. Based on an average trading volume of 2,040,000 shares, the short-interest ratio is currently 4.4 days.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Zurich Insurance Group Ltd FI acquired a new stake in shares of Brixmor Property Group during the 2nd quarter valued at about $49,546,000. Canada Pension Plan Investment Board raised its position in Brixmor Property Group by 37.4% during the second quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust’s stock valued at $169,131,000 after acquiring an additional 1,995,299 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Brixmor Property Group in the third quarter valued at approximately $46,695,000. Millennium Management LLC grew its position in Brixmor Property Group by 35.5% in 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 acquiring an additional 1,501,282 shares in the last quarter. Finally, Brookfield Corp ON acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth $38,051,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 1.4 %

NYSE:BRX opened at $27.84 on Thursday. The business’s fifty day moving average price is $28.65 and its 200 day moving average price is $26.77. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 3.96 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 1-year low of $20.80 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. On average, sell-side analysts forecast that Brixmor Property Group will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be given a dividend of $0.287 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.12%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.48%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BRX. Stifel Nicolaus boosted their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Mizuho boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Evercore ISI reduced their target price on shares of Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.19.

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.