Short Interest in Brixmor Property Group Inc. (NYSE:BRX) Declines By 17.5%

Brixmor Property Group Inc. (NYSE:BRX) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 7,640,000 shares, a decrease of 17.5% from the June 15th total of 9,260,000 shares. Based on an average trading volume of 2,140,000 shares, the short-interest ratio is currently 3.6 days.

Brixmor Property Group Price Performance

BRX traded up $0.38 during trading on Friday, reaching $23.73. The stock had a trading volume of 1,653,088 shares, compared to its average volume of 1,619,328. The stock has a market cap of $7.15 billion, a PE ratio of 25.52, a PEG ratio of 4.15 and a beta of 1.57. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45. Brixmor Property Group has a one year low of $19.46 and a one year high of $24.47. The business has a 50-day moving average of $22.40 and a 200-day moving average of $22.46.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The company had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Brixmor Property Group will post 2.11 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.2725 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.59%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BRX shares. The Goldman Sachs Group dropped their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. StockNews.com raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Finally, Mizuho decreased their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oliver Luxxe Assets LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter worth about $851,000. Quest Partners LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter worth about $1,572,000. Schroder Investment Management Group boosted its holdings in shares of Brixmor Property Group by 4.9% during the fourth quarter. Schroder Investment Management Group now owns 1,904,192 shares of the real estate investment trust’s stock worth $44,311,000 after purchasing an additional 89,445 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter worth about $7,510,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Brixmor Property Group by 28.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,880 shares of the real estate investment trust’s stock worth $4,325,000 after purchasing an additional 40,675 shares during the period. 98.43% of the stock is owned by 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.