Brixmor Property Group Inc (NYSE:BRX) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 7,967,400 shares, a decline of 20.9% from the July 31st total of 10,071,700 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 2,700,000 shares, the days-to-cover ratio is currently 3.0 days.

In other Brixmor Property Group news, Director James M. Taylor, Jr. acquired 7,500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $18.50 per share, for a total transaction of $138,750.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Phocas Financial Corp. acquired a new position in shares of Brixmor Property Group in the 2nd quarter worth approximately $53,000. NumerixS Investment Technologies Inc acquired a new position in shares of Brixmor Property Group in the 2nd quarter worth approximately $82,000. Machina Capital S.A.S. acquired a new position in shares of Brixmor Property Group in the 2nd quarter worth approximately $111,000. MAI Capital Management acquired a new position in shares of Brixmor Property Group in the 2nd quarter worth approximately $180,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Brixmor Property Group in the 1st quarter worth approximately $301,000. 99.22% of the stock is currently owned by hedge funds and other institutional investors.

BRX has been the subject of several analyst reports. BMO Capital Markets restated a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a research report on Wednesday, July 31st. ValuEngine cut shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Sandler O’Neill upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $19.00 to $21.00 in a research report on Tuesday, September 3rd. Scotiabank cut shares of Brixmor Property Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $20.00 to $19.00 in a research report on Friday, August 16th. Finally, Zacks Investment Research upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.30.

Shares of Brixmor Property Group stock traded down $0.07 during midday trading on Friday, hitting $19.61. 126,456 shares of the company traded hands, compared to its average volume of 2,788,202. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 2.23 and a beta of 0.74. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s fifty day moving average price is $18.67 and its 200-day moving average price is $18.11. Brixmor Property Group has a 12 month low of $14.11 and a 12 month high of $19.89.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.24). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $286.99 million. During the same period last year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts forecast that Brixmor Property Group will post 1.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Thursday, October 3rd. Brixmor Property Group’s payout ratio is 60.54%.

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.

Further Reading: Recession

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