Brixmor Property Group (BRX) has risen sharply, recording gains of 4.5% in the past 4 weeks. However, the stock has corrected -0.15% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.36% and the 50-Day Moving Average is 4.61%.
Brixmor Property Group (NYSE:BRX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.05 and $26.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.96, notching a gain of 0.11% for the day. The total traded volume was 2,182,229 . The stock had closed at $26.93 on the previous day.
The company Insiders own 0.22% of Brixmor Property Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.23% . During last six month period, the net percent change held by insiders has seen a change of -5.23%. 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.