Brixmor Property Group Inc. (NYSE:BRX) Short Interest Up 29.3% in October

Brixmor Property Group Inc. (NYSE:BRX) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 9,580,000 shares, a growth 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 presently 4.5 days.

Brixmor Property Group Trading Up 1.2 %

Brixmor Property Group stock traded up $0.34 during trading hours on Monday, reaching $27.81. The company had a trading volume of 662,367 shares, compared to its average volume of 2,275,167. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a 12-month low of $19.88 and a 12-month 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 company has a 50-day moving average price of $27.46 and a 200 day moving average price of $24.55.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The business had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Equities analysts forecast that Brixmor Property Group will post 2.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BRX. Scotiabank lifted their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 26th. StockNews.com lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price target on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Insider Activity at Brixmor Property Group

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. 0.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRX. UMB Bank n.a. raised its position in shares of Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 723 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,007 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in Brixmor Property Group during the third quarter valued at approximately $46,000. Larson Financial Group LLC purchased a new stake in Brixmor Property Group in the first quarter worth approximately $47,000. Finally, Abich Financial Wealth Management LLC raised its stake in Brixmor Property Group by 50.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 775 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other 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.