Brixmor Property Group (BRX) has risen sharply, recording gains of 3.81% in the past 4 weeks. However, the stock has corrected -1.3% 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 1.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Brixmor Property Group (NYSE:BRX): The stock opened at $28.25 on Friday but the bulls could not build on the opening and the stock topped out at $28.25 for the day. The stock traded down to $27.85 during the day, due to lack of any buying support eventually closed down at $28.03 with a loss of -0.60% for the day. The stock had closed at $28.20 on the previous day. The total traded volume was 1,702,458 shares.
The stock has recorded a 20-day Moving Average of 1.83% and the 50-Day Moving Average is 5.97%. Brixmor Property Group Inc. is up 6.96% in the last 3-month period. Year-to-Date the stock performance stands at 11.69%.
Brixmor Property Group (BRX) : The consensus price target for Brixmor Property Group (BRX) is $26.78 for the short term with a standard deviation of $2.11. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $23.
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.