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Brixmor Property Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of Brixmor Property (NYSE:BRX) traded today at $19.54, breaking its 52-week high. This new high was reached on below average trading volume as 251,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 422 retail centers comprise approximately 73 million square feet of prime retail space in established trade areas.

Based on a current price of $19.54, Brixmor Property is currently 9.5% above its average consensus analyst price target of $17.69. Brixmor Property shares have support at the 50-day moving average (MA) of $18.42 and additional support at the 200-day MA of $17.47.

Brixmor Property share prices have moved between a 52-week high of $19.54 and a 52-week low of $14.11 and are now trading 38% above that low price at $19.54 per share. The 200-day and 50-day moving averages have moved 0.38% higher and 0.39% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Brixmor Property on July 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.92. Since that recommendation, shares of Brixmor Property have risen 3.1%. We continue to monitor BRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows brixmor property

Ticker(s): BRX