Brandywine Realty Trust (NYSE:BDN) was upgraded by research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report issued on Monday.
Several other brokerages also recently commented on BDN. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. SunTrust Banks reiterated a “buy” rating and issued a $18.00 target price on shares of Brandywine Realty Trust in a report on Friday, October 20th. KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Two 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.58.
Brandywine Realty Trust (NYSE BDN) opened at $17.10 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.83 and a current ratio of 1.83. Brandywine Realty Trust has a 1-year low of $15.30 and a 1-year high of $18.18. The firm has a market cap of $3,074.37, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 3.21 and a beta of 1.02.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). The business had revenue of $128.43 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. equities analysts forecast that Brandywine Realty Trust will post 1.32 EPS for the current year.
In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the 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 completion of the transaction, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.76% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Brandywine Realty Trust by 2.4% during 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 period. JPMorgan Chase & Co. grew its position in Brandywine Realty Trust by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 8,479,270 shares of the real estate investment trust’s stock valued at $148,810,000 after buying an additional 237,279 shares during the period. Macquarie Group Ltd. grew its position in Brandywine Realty Trust by 21.0% during the third quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after buying an additional 1,037,395 shares during the period. Franklin Resources Inc. grew its position in Brandywine Realty Trust by 3.4% during 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 period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Brandywine Realty Trust by 6.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,887,600 shares of the real estate investment trust’s stock worth $67,994,000 after purchasing an additional 240,925 shares during the period. Institutional investors own 98.79% of the company’s stock.
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Brandywine Realty Trust Company Profile
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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