Tower View Wealth Management LLC Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Tower View Wealth Management LLC acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,356 shares of the real estate investment trust's stock, valued at approximately $328,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 521 shares during the period. Headlands Technologies LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Quarry LP increased its stake in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 533 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 709 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,140 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BRX shares. Scotiabank decreased their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Mizuho lowered their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. UBS Group assumed coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.30.

Brixmor Property Group Stock Down 0.4%

NYSE BRX traded down $0.10 on Tuesday, hitting $26.08. 2,020,923 shares of the stock traded hands, compared to its average volume of 2,255,661. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73. The stock has a 50-day moving average of $25.50 and a 200 day moving average of $26.24. Brixmor Property Group Inc. has a twelve month low of $22.22 and a twelve month high of $30.67. The company has a market capitalization of $7.98 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. As a group, analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.41%. Brixmor Property Group's dividend payout ratio is currently 109.52%.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.