Brixmor and Hilton turn higher after secondaries

|About: Brixmor Property Group Inc. (BRX)|By:, SA News Editor

In the kind of price action an investor likes to see, Brixmor (BRX +0.8%) moves into the green after sliding as much as 4% in premarket trade following last night's 25M share offering from Blackstone and affiliates. The stock is now ahead more than 10% since its late-October 2013 IPO (while yielding more than 3%).

Also higher (though after a far-smaller premarket slide) is Hilton Worldwide (HLT +1.5%) as Blackstone is cutting back its stake in that company as well.