Stock Price Trends

Brixmor Property (BRX)

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality national portfolio of outdoor shopping centers.

Stock Price Trends

Stock price trends estimated using linear regression.

Key facts

  • The primary trend is increasing.
  • The growth rate of the primary trend is 2.98% per annum.
  • BRX price at the close of April 29, 2025 was $24.91 and was higher than the top border of the primary price channel by $0.25 (1.01%).
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 23.16% per annum.
  • BRX price at the close of April 29, 2025 was lower than the bottom border of the secondary price channel by $0.14 (0.55%). This indicates a possible reversal in the secondary trend direction.

Linear Regression Model

Model equation:
Yi = α + β × Xi + εi

Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)

Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)

where:

i - observation number
Yi - natural logarithm of BRX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e


Primary Trend

Start date: February 22, 2021
End date: July 11, 2024

a = 2.9204

b = 0.0001

s = 0.0691

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.98%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0691) – 1
= 31.83%

February 22, 2021 calculations

Top border of price channel:

Exp(Y204)
= Exp(a + b × X204 + 2 × s)
= Exp(a + b × 298 + 2 × s)
= Exp(2.9204 + 0.0001 × 298 + 2 × 0.0691)
= Exp(3.0825)
= $21.81

Bottom border of price channel:

Exp(Y204)
= Exp(a + b × X204 – 2 × s)
= Exp(a + b × 298 – 2 × s)
= Exp(2.9204 + 0.0001 × 298 – 2 × 0.0691)
= Exp(2.8062)
= $16.55

July 11, 2024 calculations

Top border of price channel:

Exp(Y1,055)
= Exp(a + b × X1,055 + 2 × s)
= Exp(a + b × 1,533 + 2 × s)
= Exp(2.9204 + 0.0001 × 1,533 + 2 × 0.0691)
= Exp(3.1818)
= $24.09

Bottom border of price channel:

Exp(Y1,055)
= Exp(a + b × X1,055 – 2 × s)
= Exp(a + b × 1,533 – 2 × s)
= Exp(2.9204 + 0.0001 × 1,533 – 2 × 0.0691)
= Exp(2.9054)
= $18.27

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 2.98% per annum.
  • BRX price at the close of April 29, 2025 was $24.91 and was higher than the top border of the primary price channel by $0.25 (1.01%).

Secondary Trend

Start date: March 10, 2023
End date: April 2, 2025

a = 2.2965

b = 0.0006

s = 0.0586

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 23.16%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0586) – 1
= 26.40%

March 10, 2023 calculations

Top border of price channel:

Exp(Y720)
= Exp(a + b × X720 + 2 × s)
= Exp(a + b × 1,044 + 2 × s)
= Exp(2.2965 + 0.0006 × 1,044 + 2 × 0.0586)
= Exp(3.0094)
= $20.28

Bottom border of price channel:

Exp(Y720)
= Exp(a + b × X720 – 2 × s)
= Exp(a + b × 1,044 – 2 × s)
= Exp(2.2965 + 0.0006 × 1,044 – 2 × 0.0586)
= Exp(2.7751)
= $16.04

April 2, 2025 calculations

Top border of price channel:

Exp(Y1,237)
= Exp(a + b × X1,237 + 2 × s)
= Exp(a + b × 1,798 + 2 × s)
= Exp(2.2965 + 0.0006 × 1,798 + 2 × 0.0586)
= Exp(3.4397)
= $31.18

Bottom border of price channel:

Exp(Y1,237)
= Exp(a + b × X1,237 – 2 × s)
= Exp(a + b × 1,798 – 2 × s)
= Exp(2.2965 + 0.0006 × 1,798 – 2 × 0.0586)
= Exp(3.2054)
= $24.67

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 23.16% per annum.
  • BRX price at the close of April 29, 2025 was lower than the bottom border of the secondary price channel by $0.14 (0.55%). This indicates a possible reversal in the secondary trend direction.