Traders Buy High Volume of Brixmor Property Group Call Options (NYSE:BRX)


Share on StockTwits

Brixmor Property Group Inc. (NYSE:BRX) saw some unusual options trading activity on Tuesday. Investors bought 2,537 call options on the company. This is an increase of 1,438% compared to the average volume of 165 call options.

Shares of Brixmor Property Group stock opened at $16.53 on Thursday. Brixmor Property Group has a 1 year low of $7.51 and a 1 year high of $21.38. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $4.90 billion, a P/E ratio of 31.19 and a beta of 1.63. The company’s fifty day moving average is $16.20 and its two-hundred day moving average is $13.35.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, November 9th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.31). Brixmor Property Group had a return on equity of 6.07% and a net margin of 14.75%. The business had revenue of $253.90 million for the quarter, compared to analysts’ expectations of $270.86 million. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, equities analysts expect that Brixmor Property Group will post 1.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Wednesday, January 6th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 5.20%. The ex-dividend date is Tuesday, January 5th. Brixmor Property Group’s payout ratio is 45.03%.

Institutional investors have recently modified their holdings of the company. CI Investments Inc. acquired a new stake in Brixmor Property Group in the third quarter valued at about $31,000. Neo Ivy Capital Management raised its stake in shares of Brixmor Property Group by 471.0% during the 3rd quarter. Neo Ivy Capital Management now owns 7,166 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 5,911 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 155.6% in the 3rd quarter. Acadian Asset Management LLC now owns 8,942 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 5,444 shares during the period. Wolverine Trading LLC purchased a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $130,000. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in Brixmor Property Group in the third quarter worth $140,000. Institutional investors and hedge funds own 98.38% of the company’s stock.

BRX has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Monday, January 4th. Bank of America increased their target price on shares of Brixmor Property Group from $13.50 to $15.50 and gave the company a “neutral” rating in a research report on Monday, November 16th. Truist increased their target price on shares of Brixmor Property Group from $13.00 to $17.00 in a research report on Thursday, December 31st. TheStreet raised shares of Brixmor Property Group from a “d+” rating to a “c-” rating in a research report on Thursday, November 12th. Finally, ValuEngine raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Brixmor Property Group currently has a consensus rating of “Hold” and a consensus target price of $15.53.

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 395 retail centers comprise approximately 69 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: What sectors are represented in the FTSE 100 index?

Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.