BRX Stock Summary and Trading Ideas (Brixmor Property Group | NYSE:BRX)

Brixmor Property Group Inc is a real estate investment trust based in the United States. The company owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers across the United States. It leases its rentable areas to retailers, restaurants, theatres, entertainment venues, and fitness centers, with the company's tenants consisting of large department stores, discount retailers, and grocery stores. The company is an internally managed REIT. The company operates in Florida, Texas, California, New York, Pennsylvania, Illinois, New Jersey, Georgia, North Carolina, Michigan, Ohio and other states.

Brixmor Property Group trades on the NYSE stock market under the symbol BRX.

As of April 23, 2024, BRX stock price climbed to $21.83 with 1,822,090 million shares trading.

BRX has a beta of 1.09, meaning it tends to be more sensitive to market movements. BRX has a correlation of 0.36 to the broad based SPY ETF.

BRX has a market cap of $6.58 billion. This is considered a Mid Cap stock.

In the last 3 years, BRX stock traded as high as $27.19 and as low as $17.62.

The top ETF exchange traded funds that BRX belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.

BRX has underperformed the market in the last year with a return of +10.7%, while the SPY ETF gained +24.3%. In the last 3 month period, BRX fell short of the market, returning -2.4%, while SPY returned +4.9%. However, in the most recent 2 weeks BRX has outperformed the stock market by returning -1.8%, while SPY returned -2.5%.

BRX support price is $21.41 and resistance is $22.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRX stock will trade within this expected range on the day.