Brixmor Property Group Inc. (NYSE:BRX) Short Interest Update

Key Points

• Brixmor Property Group experienced a significant increase in short interest, with total short shares rising by 29.3% to 13,670,000 as of August 15th, leading to a days-to-cover ratio of 6.0 days.
• Insider Steven F. Siegel sold 25,000 shares of the company for $705,250, reducing his ownership by 7.63%, while corporate insiders currently own just 0.75% of the stock.
• The company announced a quarterly dividend of $0.2875 per share, payable on October 15th, resulting in a dividend yield of 4.1% despite a payout ratio exceeding 100%.

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 13,670,000 shares, an increase of 29.3% from the July 31st total of 10,570,000 shares. Based on an average daily trading volume, of 2,280,000 shares, the days-to-cover ratio is currently 6.0 days. Based on an average daily trading volume, of 2,280,000 shares, the days-to-cover ratio is currently 6.0 days.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the transaction, the insider owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Brixmor Property Group during the 2nd quarter worth approximately $101,506,000. Prudential Financial Inc. lifted its position in Brixmor Property Group by 160.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust's stock worth $76,151,000 after acquiring an additional 1,802,813 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in Brixmor Property Group by 60.6% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,217,092 shares of the real estate investment trust's stock worth $109,813,000 after acquiring an additional 1,590,940 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Brixmor Property Group by 28.2% during the 1st quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock worth $185,615,000 after acquiring an additional 1,537,737 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its position in Brixmor Property Group by 163.7% during the 2nd quarter. Hudson Bay Capital Management LP now owns 2,245,273 shares of the real estate investment trust's stock worth $58,467,000 after acquiring an additional 1,393,811 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.4%

BRX traded up $0.10 during midday trading on Tuesday, hitting $27.88. The company's stock had a trading volume of 2,247,017 shares, compared to its average volume of 2,369,378. The firm has a market cap of $8.53 billion, a P/E ratio of 25.35, a PEG ratio of 2.67 and a beta of 1.32. Brixmor Property Group has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a 50-day moving average price of $26.48 and a two-hundred day moving average price of $25.97.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, research analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's payout ratio is currently 104.55%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Mizuho lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Stifel Nicolaus dropped their price objective on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a research report on Tuesday. They set a "buy" rating and a $32.00 price objective for the company. Scotiabank lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research report on Thursday, August 28th. Finally, Wells Fargo & Company lifted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average target price of $30.54.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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