Brandywine Realty Trust (NYSE:BDN) was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued on Tuesday, December 19th, MarketBeat reports. The firm currently has a $21.00 target price on the real estate investment trust’s stock. KeyCorp’s target price suggests a potential upside of 22.09% from the company’s current price. KeyCorp also issued estimates for Brandywine Realty Trust’s Q4 2017 earnings at $0.29 EPS, FY2017 earnings at $1.28 EPS, Q1 2018 earnings at $0.32 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.45 EPS.
Several other research firms have also recently commented on BDN. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Brandywine Realty Trust in a research note on Friday, October 20th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Evercore ISI raised shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, BidaskClub raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.40.
Brandywine Realty Trust (BDN) traded down $0.13 during trading on Tuesday, reaching $17.20. 1,090,000 shares of the company’s stock traded hands, compared to its average volume of 1,640,000. The firm has a market cap of $3,020.00, a PE ratio of 107.50, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. 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 52-week low of $15.63 and a 52-week high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). The company had revenue of $128.43 million for the quarter, compared to analyst estimates of $131.16 million. Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. equities research analysts anticipate that Brandywine Realty Trust will post 1.32 earnings per share for the current year.
In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerard H. Sweeney sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $18.51, for a total transaction of $370,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,241 shares of company stock valued at $628,301. Corporate insiders own 1.76% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in Brandywine Realty Trust during the second quarter valued at approximately $180,000. Adviser Investments LLC bought a new position in Brandywine Realty Trust during the third quarter valued at approximately $182,000. Koch Industries Inc. bought a new position in Brandywine Realty Trust during the second quarter valued at approximately $212,000. Nisa Investment Advisors LLC raised its position in Brandywine Realty Trust by 31.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 3,000 shares in the last quarter. Finally, GAM Holding AG raised its position in Brandywine Realty Trust by 4.0% during the second quarter. GAM Holding AG now owns 15,128 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 578 shares in the last quarter. 98.47% of the stock is currently owned by hedge funds and other institutional investors.
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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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