Brandywine Realty Trust (BDN) Receives Consensus Rating of “Hold” from Brokerages
Brandywine Realty Trust (NYSE:BDN) has received an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.10.
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. BidaskClub raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research note on Sunday, September 24th. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $19.00 in a research note on Monday, July 10th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $18.00 price objective on shares of Brandywine Realty Trust in a research note on Friday, October 20th.
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In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total transaction of $87,050.00. Following the transaction, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tom Wirth sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total transaction of $42,250.00. Following the transaction, the insider now 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 121,407 shares of company stock worth $2,016,074 in the last quarter. 1.76% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new position in shares of Brandywine Realty Trust during the second quarter valued at about $180,000. Adviser Investments LLC purchased a new position in shares of Brandywine Realty Trust during the third quarter valued at about $182,000. Forward Management LLC grew its holdings in Brandywine Realty Trust by 5.1% in the second quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 513 shares during the period. SG Americas Securities LLC grew its holdings in Brandywine Realty Trust by 71.0% in the first quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 5,029 shares during the period. Finally, Paragon Capital Management Ltd grew its holdings in Brandywine Realty Trust by 49.3% in the second quarter. Paragon Capital Management Ltd now owns 14,944 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 4,935 shares during the period. Institutional investors own 99.59% of the company’s stock.
Brandywine Realty Trust (BDN) traded up $0.12 during trading on Wednesday, reaching $17.62. 359,727 shares of the company’s stock traded hands, compared to its average volume of 1,360,244. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $3,070.86, a P/E ratio of 12.87, a PEG ratio of 2.64 and a beta of 1.04. Brandywine Realty Trust has a 1-year low of $14.04 and a 1-year high of $18.18.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $128.43 million during the quarter, compared to the consensus estimate of $131.16 million. Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. analysts predict that Brandywine Realty Trust will post 1.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 400.03%.
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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