Brandywine Realty Trust (BDN) Sets New 1-Year High at $18.06
Brandywine Realty Trust (NYSE:BDN) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $18.06 and last traded at $18.06, with a volume of 503,075 shares. The stock had previously closed at $17.87.
Several research analysts have commented on BDN shares. Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $19.00 in a report on Monday, July 10th. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, KeyCorp restated a “hold” rating on shares of Brandywine Realty Trust in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $17.50.
The company has a market cap of $3.16 billion, a price-to-earnings ratio of 205.80 and a beta of 1.05. The stock’s 50-day moving average price is $17.28 and its 200 day moving average price is $17.10.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The business had revenue of $127.79 million for the quarter, compared to analyst estimates of $134.07 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Analysts anticipate that Brandywine Realty Trust will post $0.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 800.10%.
In other news, EVP William D. Redd sold 112,083 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $16.56, for a total transaction of $1,856,094.48. Following the sale, the executive vice president now owns 83,505 shares of the company’s stock, valued at $1,382,842.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tom Wirth sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total value of $42,250.00. Following the sale, the insider now directly owns 110,473 shares in the company, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. Insiders have sold 116,407 shares of company stock worth $1,929,024 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Brandywine Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 28,607,123 shares of the real estate investment trust’s stock valued at $464,293,000 after buying an additional 863,062 shares during the last quarter. BlackRock Inc. increased its holdings in Brandywine Realty Trust by 2.4% in the second quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock valued at $213,422,000 after buying an additional 287,894 shares during the last quarter. Franklin Resources Inc. increased its holdings in Brandywine Realty Trust by 3.4% in the second quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock valued at $93,728,000 after buying an additional 175,935 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Brandywine Realty Trust by 1.6% in the second quarter. Macquarie Group Ltd. now owns 4,929,189 shares of the real estate investment trust’s stock valued at $86,409,000 after buying an additional 79,332 shares during the last quarter. Finally, State Street Corp increased its holdings in Brandywine Realty Trust by 0.3% in the first quarter. State Street Corp now owns 4,817,685 shares of the real estate investment trust’s stock valued at $78,192,000 after buying an additional 14,531 shares during the last quarter. 98.38% of the stock is currently owned by hedge funds and other institutional investors.
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About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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