Brandywine Realty Trust (NYSE:BDN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Brandywine Realty Trust is a self-administered, self-managed and fully integrated Real Estate Investment Trust active in acquiring, developing, redeveloping, leasing and managing suburban office and industrial properties. The company’s portfolio includes approximately 151 office properties and 28 industrial facilities. Certain of the Properties serve as flex facilities, accommodating office use, warehouse space and research and development activities. “
Several other equities analysts have also recently weighed in on BDN. KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research note on Tuesday, December 19th. Barclays increased their price objective on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Stifel Nicolaus cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $17.00 in a research note on Tuesday, March 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.60.
BDN traded up $0.10 during midday trading on Tuesday, hitting $15.58. 1,893,807 shares of the company traded hands, compared to its average volume of 1,567,266. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.64 and a current ratio of 3.64. The stock has a market capitalization of $2,765.86, a P/E ratio of 11.89, a P/E/G ratio of 2.02 and a beta of 0.99. Brandywine Realty Trust has a 52 week low of $15.20 and a 52 week high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Brandywine Realty Trust had a return on equity of 7.07% and a net margin of 23.20%. The business had revenue of $133.30 million during the quarter, compared to the consensus estimate of $128.42 million. During the same quarter last year, the company earned $0.35 EPS. Brandywine Realty Trust’s revenue for the quarter was up .9% on a year-over-year basis. research analysts forecast that Brandywine Realty Trust will post 1.37 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Marathon Trading Investment Management LLC bought a new stake in Brandywine Realty Trust during the 4th quarter worth approximately $182,000. JOYN Advisors Inc. bought a new stake in Brandywine Realty Trust during the 4th quarter worth approximately $211,000. Jane Street Group LLC bought a new stake in Brandywine Realty Trust during the 4th quarter worth approximately $225,000. Nisa Investment Advisors LLC raised its stake in Brandywine Realty Trust by 31.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 3,000 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in Brandywine Realty Trust during the 4th quarter worth approximately $240,000.
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About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.
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