Why Brixmor Property Group (BRX) Stock Is Down In After-Hours Trading

NEW YORK (TheStreet) -- Shares of Brixmor Property Group (BRX) are down -2.73% to $21.71 in after-hours trading on Monday after it announced a secondary offering of 25 million shares of common stock from certain selling stockholders affiliated with Blackstone Real Estate Partners.

Brixmor said it is not offering any shares of common stock in the offering and will not receive any proceeds from the sale.

Must Read: Warren Buffett's 25 Favorite Stocks

BRX Chart

BRX data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Fight Off Complacency: Cramer's 'Mad Money' Recap (Fri 9/15/17)

Cramer: Another Reason to Be Skeptical of the Government

Shrug Off The Apple-FANG Bite: Cramer's 'Mad Money' Recap (Thur 9/14/17)

6 Hot Unusual Volume Setups

Whole Foods Gets September Deadline or Face Jana Partners