Brixmor Property Group (BRX) : Traders are bullish on Brixmor Property Group (BRX) as it has outperformed the S&P 500 by a wide margin of 3.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.05% in the last 1 week, and is up 7.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.7% and the 50-Day Moving Average is 8.86%. Brixmor Property Group Inc. is up 13.53% in the last 3-month period. Year-to-Date the stock performance stands at 13.17%.
Brixmor Property Group (NYSE:BRX): stock turned positive on Friday. Though the stock opened at $28, the bulls momentum made the stock top out at $28.48 level for the day. The stock recorded a low of $28 and closed the trading day at $28.4, in the green by 1.21%. The total traded volume for the day was 1,723,842. The stock had closed at $28.06 in the previous days trading.
Brixmor Property Group Inc. (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 operations 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 Companys principal business is the ownership and operation of community and neighborhood shopping centers. The Companys portfolio consists of 521 shopping centers totaling approximately 87 million square feet of gross leasable area. 520 of these shopping centers are 100% owned by the Company. The Companys community and neighborhood shopping centers provide a mix of retailers and are primarily located in the 50 Metropolitan Statistical Areas.