Short Interest Alert: Is Buying Brixmor Property Group Incorporated (NYSE:BRX) Here Good Idea?

November 28, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Alert: Is Buying Brixmor Property Group Incorporated (NYSE:BRX) Here Good Idea?

The stock of Brixmor Property Group Incorporated (NYSE:BRX) registered a decrease of 16.64% in short interest. BRX’s total short interest was 2.96M shares in November as published by FINRA. Its down 16.64% from 3.55 million shares, reported previously. With 1.63M shares average volume, it will take short sellers 2 days to cover their BRX’s short positions. The short interest to Brixmor Property Group Incorporated’s float is 0.99%. About 800 shares traded hands. Brixmor Property Group Inc (NYSE:BRX) has declined 3.46% since April 25, 2016 and is downtrending. It has underperformed by 9.47% the S&P500.

Brixmor Property Group Inc. and subsidiaries is an internally managed real estate investment trust (REIT). The company has a market cap of $7.66 billion. Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its activities and owns its assets. It has a 31.79 P/E ratio. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

Insitutional Activity: The institutional sentiment decreased to 2.43 in Q2 2016. Its down 0.15, from 2.58 in 2016Q1. The ratio fall, as 10 funds sold all Brixmor Property Group Inc shares owned while 50 reduced positions. 37 funds bought stakes while 118 increased positions. They now own 330.14 million shares or 6.13% more from 311.08 million shares in 2016Q1.
Employees Retirement Association Of Colorado reported 6,140 shares or 0% of all its holdings. Breton Hill Capital Ltd accumulated 7,800 shares or 0.07% of the stock. Susquehanna Grp Inc Inc Limited Liability Partnership owns 51,575 shares or 0% of their US portfolio. Moreover, Checchi Cap Advisers Lc has 0% invested in Brixmor Property Group Inc (NYSE:BRX) for 396 shares. Rainier Investment Mngmt Ltd Com last reported 0.7% of its portfolio in the stock. Westpac, a Australia-based fund reported 11,839 shares. Foster & Motley accumulated 0.62% or 118,276 shares. Commonwealth Bankshares Of Australia holds 0% or 2,200 shares in its portfolio. Henderson Public Ltd Company reported 14,821 shares or 0% of all its holdings. Echo Street Cap Mngmt Limited Co last reported 0.08% of its portfolio in the stock. Walleye Trading Limited Company holds 0.02% or 87,232 shares in its portfolio. Friedberg Mgmt, a Texas-based fund reported 12,900 shares. Bnp Paribas Invest Ptnrs, a France-based fund reported 29,711 shares. Exane Derivatives reported 290 shares or 0% of all its holdings. The Ontario – Canada-based Cibc Asset Mgmt has invested 0% in Brixmor Property Group Inc (NYSE:BRX).

Insider Transactions: Since May 31, 2016, the stock had 2 insider purchases, and 21 sales for $12.50 billion net activity. On Friday, August 5 BLACKSTONE REAL ESTATE PARTNERS VI TE 1 L P sold $822.90 million worth of the stock or 30.00 million shares. $822.90M worth of shares were sold by Blackstone Real Estate Holdings VII L.P. on Friday, August 5. BRX Holdco LLC had sold 42.40M shares worth $1.16 billion on Tuesday, August 16. $238,200 worth of Brixmor Property Group Inc (NYSE:BRX) shares were bought by Taylor James M Jr. Blackstone Retail Transaction II Holdco L.P. sold $822.90M worth of Brixmor Property Group Inc (NYSE:BRX) on Friday, August 5. SIEGEL STEVEN F sold 6,000 shares worth $151,560. Blackstone Real Estate Partners VII.F L.P. also sold $520.20 million worth of Brixmor Property Group Inc (NYSE:BRX) shares.

Brixmor Property Group Inc (NYSE:BRX) Ratings Coverage

Out of 10 analysts covering Brixmor Property Group (NYSE:BRX), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Brixmor Property Group has been the topic of 21 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Tuesday, February 9, the company rating was downgraded by RBC Capital Markets. Stifel Nicolaus upgraded the stock to “Buy” rating in Monday, August 15 report. The rating was upgraded by JP Morgan on Friday, June 3 to “Neutral”. The firm has “Buy” rating given on Tuesday, September 8 by Evercore. Barclays Capital maintained the shares of BRX in a report on Tuesday, July 19 with “Equalweight” rating. The stock of Brixmor Property Group Inc (NYSE:BRX) earned “Neutral” rating by Credit Suisse on Wednesday, March 16. The firm earned “Neutral” rating on Thursday, September 17 by Credit Suisse. Evercore downgraded Brixmor Property Group Inc (NYSE:BRX) on Wednesday, March 2 to “Hold” rating. The stock of Brixmor Property Group Inc (NYSE:BRX) has “Outperform” rating given on Thursday, October 29 by RBC Capital Markets. The stock of Brixmor Property Group Inc (NYSE:BRX) earned “Buy” rating by Evercore on Monday, August 22.

BRX Company Profile

Brixmor Property Group Inc., incorporated on May 27, 2011, and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its activities and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership. The Firm operates the wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the United States. The Company’s portfolio consists of over 515 shopping centers totaling approximately 90 million square feet of gross leasable area.

More notable recent Brixmor Property Group Inc (NYSE:BRX) news were published by: Wsj.com which released: “Brixmor Property Appoints New CEO” on April 12, 2016, also Fool.com with their article: “Why Brixmor Property Group Inc. Stock Plummeted Today” published on February 08, 2016, Prnewswire.com published: “Brixmor Property Group Names Mark Horgan Executive Vice President, Chief …” on May 11, 2016. More interesting news about Brixmor Property Group Inc (NYSE:BRX) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Brixmor Property Group, Mack Cali Realty and Erie Indemnity” published on June 29, 2016 as well as Prnewswire.com‘s news article titled: “Brixmor Property Group Announces Change to its Board of Directors” with publication date: August 01, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Clifton Ray


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>