Brixmor Property Group Inc. [NYSE: BRX] stock went on an upward path that rose over 4.21% on Monday, amounting to a one-week price decrease of less than -3.89%. The company report on August 17, 2020 that Brixmor Property Group Prices Offering Of Senior Notes.
Brixmor Property Group Inc. (NYSE: BRX) announced today that its operating partnership, Brixmor Operating Partnership LP (the “Operating Partnership”), priced an offering of $300 million aggregate principal amount of 4.050% Senior Notes due 2030 (the “Notes”). The Notes will be issued at 107.172% of par value with a coupon of 4.050%, plus accrued and unpaid interest from, and including, June 10, 2020 to, and excluding, the expected settlement date, with a reoffer yield of 3.178%. Interest on the Notes is payable semi-annually on January 1 and July 1 of each year, commencing January 1, 2021. The Notes will mature on July 1, 2030. The Notes constitute a further issuance of, and form a single series with, the Operating Partnership’s previously issued 4.050% Senior Notes due 2030, $500 million of which are currently outstanding. The offering is expected to close on August 20, 2020, subject to the satisfaction of customary closing conditions.
The Operating Partnership intends to use the net proceeds from this offering for general corporate purposes, which may include repaying outstanding indebtedness under its $1.25 billion unsecured revolving credit facility. BofA Securities, Inc., Jefferies LLC, Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc. are acting as joint book-running managers for the offering.
Over the last 12 months, BRX stock dropped by -32.89%. The one-year Brixmor Property Group Inc. stock forecast points to a potential upside of 11.92. The average equity rating for BRX stock is currently 2.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.65 billion, with 296.55 million shares outstanding and 295.33 million shares in the current float. Compared to the average trading volume of 3.01M shares, BRX stock reached a trading volume of 1267674 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Brixmor Property Group Inc. [BRX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BRX shares is $13.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BRX stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Compass Point have made an estimate for Brixmor Property Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 08, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on July 01, 2020, representing the official price target for Brixmor Property Group Inc. stock. Previously, the target price had yet another raise to $11, while JP Morgan analysts kept a Neutral rating on BRX stock.
The Average True Range (ATR) for Brixmor Property Group Inc. is set at 0.50, with the Price to Sales ratio for BRX stock in the period of the last 12 months amounting to 3.27. The Price to Book ratio for the last quarter was 1.34, with the Price to Cash per share for the same quarter was set at 1.06. Price to Free Cash Flow for BRX in the course of the last twelve months was 31.03.
BRX Stock Performance Analysis:
Brixmor Property Group Inc. [BRX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.89. With this latest performance, BRX shares gained by 8.41% in over the last four-week period, additionally sinking by -38.29% over the last 6 months – not to mention a drop of -32.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BRX stock in for the last two-week period is set at 50.41, with the RSI for the last a single of trading hit 51.63, and the three-weeks RSI is set at 50.30 for Brixmor Property Group Inc. [BRX]. The present Moving Average for the last 50 days of trading for this stock 12.23, while it was recorded at 11.89 for the last single week of trading, and 15.41 for the last 200 days.
Insight into Brixmor Property Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Brixmor Property Group Inc. [BRX] shares currently have an operating margin of +21.69 and a Gross Margin at +46.68. Brixmor Property Group Inc.’s Net Margin is presently recorded at +23.98.
Return on Total Capital for BRX is now 3.23, given the latest momentum, and Return on Invested Capital for the company is 3.57. Return on Equity for this stock inclined to 9.83, with Return on Assets sitting at 3.35. When it comes to the capital structure of this company, Brixmor Property Group Inc. [BRX] has a Total Debt to Total Equity ratio set at 178.80. Additionally, BRX Total Debt to Total Capital is recorded at 64.13, with Total Debt to Total Assets ending up at 60.25. Long-Term Debt to Equity for the company is recorded at 178.54, with the Long-Term Debt to Total Capital now at 64.04.
Reflecting on the efficiency of the workforce at the company, Brixmor Property Group Inc. [BRX] managed to generate an average of $574,683 per employee. Receivables Turnover for the company is 4.94 with a Total Asset Turnover recorded at a value of 0.14.
BRX Stock EPS
With the latest financial reports released by the company, Brixmor Property Group Inc. posted 0.27/share EPS, while the average EPS was predicted by analysts to be reported at 0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 35.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BRX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Brixmor Property Group Inc. go to -5.09%.
Brixmor Property Group Inc. [BRX] Insider Position Details
There are presently around $3,569 million, in the hands of institutional investors. The top three institutional holders of BRX stocks are: VANGUARD GROUP INC with ownership of 45,035,902, which is approximately -4.022% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 33,686,908 shares of the stock with an approximate value of $408.29 million in BRX stocks shares; and JPMORGAN CHASE & CO, currently with $325.06 million in BRX stock with ownership of nearly 39.921% of the company’s market capitalization.
Positions in Brixmor Property Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 182 institutional holders increased their position in Brixmor Property Group Inc. [NYSE:BRX] by around 34,180,116 shares. Additionally, 181 investors decreased positions by around 34,529,005 shares, while 23 investors held positions by with 225,788,330 shares. The mentioned changes placed institutional holdings at 294,497,451 shares, according to the latest SEC report filing. BRX stock had 58 new institutional investments in for a total of 3,516,303 shares, while 66 institutional investors sold positions of 9,000,690 shares during the same period.