NEW YORK, July 7, 2016 /PRNewswire/ --
Retail REITs continue to be affected by global macroeconomic conditions and shifts in consumer-spending patterns, but investors looking to diversify and solidify their portfolios should find a number of good opportunities in this space. This morning's top picks on Stock-Callers.com are: Brixmor Property Group Inc. (NYSE: BRX), The Macerich Co. (NYSE: MAC), Tanger Factory Outlet Centers Inc. (NYSE: SKT), and Kite Realty Group Trust (NYSE: KRG). Learn more about these stocks and receive your complimentary notes at:
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On Wednesday, shares in New York-based Brixmor Property Group Inc. recorded a trading volume of 2.40 million shares, which was above their three months average volume of 1.90 million shares. The stock ended the session 0.26% higher at $26.93. The Company's shares have gained 6.01% in the last one month, 8.16% in the previous three months, and 7.31% on an YTD basis. The stock is trading 5.46% above its 50-day moving average and 9.52% above its 200-day moving average. Moreover, shares of Brixmor Property Group, which owns and operates various grocery-anchored community and neighborhood shopping centers in the U.S., have a Relative Strength Index (RSI) of 64.87.
Santa Monica, California headquartered independent real estate investment trust, The Macerich Co.'s stock closed the day 0.31% lower at $86.40. A total volume of 1.20 million shares was traded, which was above their three months average volume of 1.07 million shares. The Company's shares have advanced 12.31% in the past month, 9.50% over the previous three months, and 9.01% since the start of this year. The stock is trading 10.31% above its 50-day moving average and 11.85% above its 200-day moving average. Additionally, shares of Macerich have an RSI of 75.49.
Shares in Greensboro, North Carolina-based real estate investment trust, Tanger Factory Outlet Centers Inc., recorded a trading volume of 1.22 million shares, which was higher than their three months average volume of 789,980 shares. The stock ended yesterday's trading session 0.51% lower at $40.77. The Company's shares have advanced 13.72% in the past month, 12.91% over the previous three months, and 26.94% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.68% and 20.00%, respectively. Furthermore, shares of Tanger Factory Outlet Centers have an RSI of 82.03.
Indianapolis, Indiana-based real estate investment trust, Kite Realty Group Trust's stock finished Wednesday's session 0.32% lower at $27.97 and with a total volume of 267,503 shares traded. The Company's shares have advanced 2.32% in the last one month, 2.58% over the previous three months, and 11.29% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.60% and 7.80%, respectively. Additionally, shares of Kite Realty Group Trust have an RSI of 61.37.
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