Tower View Wealth Management LLC Invests $328,000 in Brixmor Property Group Inc. (NYSE:BRX)

Tower View Wealth Management LLC purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,356 shares of the real estate investment trust's stock, valued at approximately $328,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Brixmor Property Group during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC raised its holdings in 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. Quarry LP raised its holdings in Brixmor Property Group by 39.0% during the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 533 shares during the period. Venturi Wealth Management LLC increased its stake in Brixmor Property Group by 140.9% in the fourth 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. Finally, Blue Trust Inc. increased its stake in Brixmor Property Group by 54.4% in the first 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. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analyst Weigh In

BRX has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Mizuho cut their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. UBS Group assumed coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Scotiabank cut their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Finally, Wells Fargo & Company cut their price target 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.30.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $25.99 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $7.95 billion, a PE ratio of 24.75, a P/E/G ratio of 2.68 and a beta of 1.25. The business has a 50-day simple moving average of $25.48 and a two-hundred day simple moving average of $26.31. Brixmor Property Group Inc. has a fifty-two week low of $22.22 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The firm 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 company's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.43%. 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.

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