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

By Nick Russo

Shares of Brixmor Property (NYSE:BRX) traded at a new 52-week high today of $20.27. Approximately 294,000 shares have changed hands today, as compared to an average 30-day volume of 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.

Brixmor Property (NYSE:BRX) is currently priced 12.7% above its average consensus analyst price target of $17.69. The stock should discover initial support at its 50-day moving average (MA) of $18.92 and subsequent support at its 200-day MA of $17.76.

Brixmor Property share prices have moved between a 52-week high of $20.27 and a 52-week low of $14.11 and are now trading 44% above that low price at $20.27 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.

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 $18.93. Since that recommendation, shares of Brixmor Property have risen 6.8%. 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