Brixmor Property Group Inc. (NYSE:BRX – Get Rating) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 4,840,000 shares, an increase of 17.8% from the September 30th total of 4,110,000 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 2.5 days.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Brixmor Property Group in a report on Wednesday, October 12th. They set a “hold” rating for the company. Evercore ISI lowered their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, September 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Brixmor Property Group from $23.00 to $21.00 and set a “hold” rating for the company in a report on Friday, October 7th. Mizuho lifted their price target on shares of Brixmor Property Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $27.00 to $22.50 in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus price target of $24.46.
Brixmor Property Group Trading Up 2.2 %
BRX stock traded up $0.46 during midday trading on Friday, reaching $21.17. 1,509,639 shares of the company’s stock traded hands, compared to its average volume of 2,603,028. The company has a market capitalization of $6.34 billion, a P/E ratio of 21.82, a PEG ratio of 1.45 and a beta of 1.55. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.57 and a quick ratio of 0.57. Brixmor Property Group has a fifty-two week low of $17.62 and a fifty-two week high of $27.19. The business has a 50-day moving average price of $20.39 and a two-hundred day moving average price of $22.02.
Brixmor Property Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Tuesday, October 4th were given a dividend of $0.24 per share. The ex-dividend date was Monday, October 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 4.53%. Brixmor Property Group’s dividend payout ratio (DPR) is 98.97%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BRX. Aew Capital Management L P lifted its position in shares of Brixmor Property Group by 1.1% during the third quarter. Aew Capital Management L P now owns 3,900,073 shares of the real estate investment trust’s stock worth $72,034,000 after purchasing an additional 42,850 shares in the last quarter. Comerica Bank lifted its position in shares of Brixmor Property Group by 1.4% during the third quarter. Comerica Bank now owns 184,619 shares of the real estate investment trust’s stock worth $3,661,000 after purchasing an additional 2,560 shares in the last quarter. TCW Group Inc. lifted its position in shares of Brixmor Property Group by 23.6% during the third quarter. TCW Group Inc. now owns 93,913 shares of the real estate investment trust’s stock worth $1,734,000 after purchasing an additional 17,926 shares in the last quarter. Truist Financial Corp lifted its position in shares of Brixmor Property Group by 11.5% during the third quarter. Truist Financial Corp now owns 168,507 shares of the real estate investment trust’s stock worth $3,113,000 after purchasing an additional 17,356 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Brixmor Property Group during the third quarter worth $42,000. 97.35% of the stock is owned by institutional investors and hedge funds.
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 395 retail centers comprise approximately 69 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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