Brixmor Property Group Inc (NYSE:BRX) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 9,350,000 shares, a decline of 32.0% from the December 15th total of 13,760,000 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 2,480,000 shares, the short-interest ratio is presently 3.8 days.
NYSE BRX traded up $0.27 during trading on Monday, reaching $20.49. The company’s stock had a trading volume of 55,714 shares, compared to its average volume of 1,869,129. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 2.35 and a beta of 0.72. Brixmor Property Group has a twelve month low of $15.56 and a twelve month high of $22.74. The business’s fifty day moving average price is $21.35 and its 200-day moving average price is $20.01.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.20). The business had revenue of $292.97 million for the quarter, compared to analyst estimates of $290.51 million. Brixmor Property Group had a return on equity of 10.41% and a net margin of 24.75%. Brixmor Property Group’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. As a group, sell-side analysts forecast that Brixmor Property Group will post 1.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 5.56%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 61.62%.
BRX has been the topic of a number of recent analyst reports. Barclays reiterated a “hold” rating and issued a $21.00 price objective on shares of Brixmor Property Group in a report on Sunday, October 13th. BMO Capital Markets cut Brixmor Property Group from a “market perform” rating to an “underperform” rating and set a $19.00 target price for the company. in a research note on Tuesday, January 7th. KeyCorp upped their price target on Brixmor Property Group from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Zacks Investment Research downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, ValuEngine lowered shares of Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Brixmor Property Group currently has an average rating of “Hold” and an average target price of $20.80.
In other Brixmor Property Group news, insider Steven F. Siegel sold 7,500 shares of Brixmor Property Group stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $21.37, for a total transaction of $160,275.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian T. Finnegan sold 3,000 shares of Brixmor Property Group stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $21.00, for a total value of $63,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,000 shares of company stock valued at $455,070. Insiders own 0.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in BRX. Private Advisor Group LLC increased its stake in shares of Brixmor Property Group by 2.8% during the second quarter. Private Advisor Group LLC now owns 23,469 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 643 shares during the period. Stephens Inc. AR purchased a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $1,041,000. Pensionfund Sabic lifted its holdings in shares of Brixmor Property Group by 21.6% in the 4th quarter. Pensionfund Sabic now owns 50,711 shares of the real estate investment trust’s stock valued at $1,096,000 after buying an additional 9,000 shares during the period. Millennium Management LLC lifted its holdings in shares of Brixmor Property Group by 35.8% in the 3rd quarter. Millennium Management LLC now owns 86,665 shares of the real estate investment trust’s stock valued at $1,758,000 after buying an additional 22,865 shares during the period. Finally, State Street Corp lifted its holdings in shares of Brixmor Property Group by 0.6% in the 3rd quarter. State Street Corp now owns 16,307,919 shares of the real estate investment trust’s stock valued at $330,888,000 after buying an additional 99,775 shares during the period. Institutional investors own 99.20% of the company’s stock.
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 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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