Short interest in Brixmor Property Group Inc. (NYSE: BRX) significantly decreased in November. There were 4,520,000 shares, including 4,530,000 shares of short interest, as of November 15, representing a 15.2% decline from the total of 5,330,000 shares as of October 31. Based on an average trading volume of 2,210,000 shares, the days-to-cover ratio is 2.0 days.
On Friday, December 2, Michael B. Berman, a director of Brixmor Property Group, sold 15,000 shares of company stock. The stock was sold at an average price of $22.96 per share for a total transaction value of $344,400. Following the transaction, the director owns 45,146 company shares with a market value of $1,036,552.16. You can access a file given to the Securities and Exchange Commission that describes the sale by clicking on this link. Insiders of the business own 0.64% of the shares.
Brokerages recently discussed BRX in comments. In a research note released on October 27, Barclays maintained an “overweight” rating on the stock while lowering their target price for Brixmor Property Group from $29.00 to $26.00. Evercore ISI dropped their price target on Brixmor Property Group from $24.00 to $23.00 in a research report released on Tuesday, September 27, and gave the stock an “in-line” rating. In a research note released on Friday, November 11, Mizuho lowered their “buy” rating and price target on Brixmor Property Group from $26.00 to $22.00. StockNews.com first followed Brixmor Property Group on Wednesday, October 12, in a research note. They rated the stock as a “keep.” Deutsche Bank Aktiengesellschaft lowered its “hold” rating and price target for Brixmor Property Group from $23.00 to $21.00 in a research note released on Friday, October 7. Seven research analysts have recommended buying shares, four have suggested holding them, and one has suggested selling them. According to Bloomberg, the business now has a consensus rating of “Moderate Buy” with an average price target of $23.88.
Large investors have recently bought and sold the company’s stock. Meiji Yasuda Asset Management Co. Ltd. boosted its stake in Brixmor Property Group by 0.6% in the third quarter. Meiji Yasuda Asset Management Co. Ltd. now holds 84,635 shares of the real estate investment trust, valued at $1,563,000, after acquiring an additional 499 shares over the quarter. Van ECK Associates Corp. boosted its ownership of Brixmor Property Group by 2.0% during the second quarter. Van ECK Associates Corp. now owns 27,216 real estate investment trust shares worth $550,000 after purchasing an additional 534 shares. The State of Michigan Retirement System grew its holding in Brixmor Property Group by 0.8% during the second quarter. The State of Michigan Retirement System now owns 76,207 shares, valued at $1,540,000, after adding 600 more shares during the most recent session. Beacon Pointe Advisors LLC grew its ownership of Brixmor Property Group by 5.3% during the first quarter. The REIT’s 12 535 or 631 shares that Beacon Pointe Advisors LLC now owns are valued at $324,000 to the company. Not to mention, Northwestern Mutual Investment Management Company LLC boosted its holding in Brixmor Property Group by 1.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now directly owns 50,137 shares of the real estate investment trust, worth $1,013,000, after acquiring an additional 669 shares during the last period. Institutional investors and hedge funds own 97.35% of the company’s stock.
The BRX share price rose by $0.06 on Friday, reaching $23.03. The company’s trading volume was 1,493,294 shares, compared to its average volume of 1,943,193. The company’s market value is $6.91 billion, its price-to-earnings-growth ratio is 1.67, its P/E ratio is 21.32, and its beta is 1.58, among other statistics. The 50-day and 200-day moving averages of the company’s stock are $20.74 and $21.49, respectively. The company’s debt to equity, quick ratio, and current ratio are all 0.55. The 12-month high and low for Brixmor Property Group are $27.19 and $17.62, respectively.
The business also disclosed a quarterly dividend that would be paid on January 17. For investors with records as of January 4, a $0.26 dividend will be paid. This is an increase from the $0.24 quarterly dividend that Brixmor Property Group previously paid. The date of the ex-dividend is January 3, a Tuesday. This is equivalent to a $1.04 dividend with a 4.52% annual yield. Brixmor Property Group’s current dividend payout ratio is 88.89%.
