Large Inflow of Money Detected in Brixmor Property Group

Brixmor Property Group (BRX) : The money flow analysis of Brixmor Property Group (BRX) indicates a $1.67 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $4.16 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.49 and so was the total money flow at $2.49 million. The bulls lapped up $2.41 million worth of block trades on upticks. The money flow was $2.41 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Brixmor Property Group (BRX), pushing it down by -0.02% for the day. The stock slid $0.01 and traded at $27.28 during the day. Nonetheless, the stock is 1.17% over the previous weeks close.


Also, Major Brokerage house, JP Morgan upgrades its ratings on Brixmor Property Group (NYSE:BRX). In the latest research report, JP Morgan maintains the target price to $26 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on June 3, 2016.

Brixmor Property Group (NYSE:BRX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.28 and $27.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.39, notching a gain of 0.40% for the day. The total traded volume was 1,173,785 . The stock had closed at $27.28 on the previous day.

The stock has recorded a 20-day Moving Average of 3.14% and the 50-Day Moving Average is 5.97%. In a related news, The Securities and Exchange Commission has divulged that Siegel Steven F, Officer (Evp, General Counsel) of Brixmor Property Group Inc., had unloaded 6,000 shares at an average price of $26.34 in a transaction dated on June 30, 2016. The total value of the transaction was worth $158,040.

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.

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