Brixmor Property Group (BRX) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 5,042,423 to 5,025,705 shares, with 1 days to go before the expiry. The short open interest has decreased by -0.3%, amounting to a reduction of -16,718 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 1.7% of the float of the company. The average daily volume of the stock is 6,526,595 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Brixmor Property Group (NYSE:BRX): The stock opened at $28.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.31 for the day. The stock traded down to $28.04 during the day, due to lack of any buying support eventually closed down at $28.15 with a loss of -0.11% for the day. The stock had closed at $28.18 on the previous day. The total traded volume was 2,042,784 shares.
In a related news, The Securities and Exchange Commission has divulged that Singh Carolyn Carter, officer (EVP, HR & Development) of Brixmor Property Group Inc., had unloaded 6,000 shares at an average price of $28 in a transaction dated on July 29, 2016. The total value of the transaction was worth $168,000.
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.