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

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

Brixmor Property Group Stock Down 0.8 %

Shares of NYSE:BRX opened at $27.52 on Wednesday. Brixmor Property Group has a 1 year low of $19.88 and a 1 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. The business’s 50-day moving average is $27.52 and its 200-day moving average is $24.64. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 4.43 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.21). The business 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 23.45% and a return on equity of 10.34%. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Equities research analysts predict that Brixmor Property Group will post 2.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Compass Point raised their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. The Goldman Sachs Group raised their price target on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Stifel Nicolaus increased their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday. Finally, Mizuho lifted their target price on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.54.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the transaction, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. This 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. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning increased its stake in Brixmor Property Group by 2.8% in the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 396 shares in the last quarter. Fifth Third Bancorp increased its position in Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 431 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Brixmor Property Group by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 481 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Brixmor Property Group by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock valued at $4,961,000 after acquiring an additional 643 shares during the period. Finally, Truist Financial Corp increased its holdings in shares of Brixmor Property Group by 0.8% during the second quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock valued at $1,948,000 after acquiring an additional 659 shares in the last quarter. 98.43% of the stock is owned by 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 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.