Brandywine Realty Trust (NYSE:BDN) had its price target lowered by investment analysts at Stifel Nicolaus from $17.00 to $16.00 in a report issued on Friday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 3.09% from the stock’s current price.
Several other brokerages also recently commented on BDN. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Barclays boosted their price objective on Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.40.
NYSE BDN opened at $15.52 on Friday. The firm has a market cap of $2,769.43, a P/E ratio of 11.85, a P/E/G ratio of 2.05 and a beta of 0.99. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 1.05. Brandywine Realty Trust has a fifty-two week low of $15.20 and a fifty-two week high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Thursday, April 19th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). The company had revenue of $136.36 million for the quarter, compared to analysts’ expectations of $133.17 million. Brandywine Realty Trust had a net margin of 27.38% and a return on equity of 8.46%. Brandywine Realty Trust’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. equities research analysts anticipate that Brandywine Realty Trust will post 1.37 EPS for the current year.
Several institutional investors have recently made changes to their positions in BDN. Wells Fargo & Company MN lifted its position in shares of Brandywine Realty Trust by 55.8% in the third quarter. Wells Fargo & Company MN now owns 143,232 shares of the real estate investment trust’s stock valued at $2,505,000 after acquiring an additional 51,280 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Brandywine Realty Trust by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,760,499 shares of the real estate investment trust’s stock worth $48,281,000 after acquiring an additional 81,034 shares during the last quarter. Janus Henderson Group PLC increased its stake in Brandywine Realty Trust by 251.5% during the third quarter. Janus Henderson Group PLC now owns 114,600 shares of the real estate investment trust’s stock worth $2,004,000 after acquiring an additional 82,000 shares during the last quarter. California Public Employees Retirement System increased its stake in Brandywine Realty Trust by 6.6% during the third quarter. California Public Employees Retirement System now owns 517,954 shares of the real estate investment trust’s stock worth $9,059,000 after acquiring an additional 32,203 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. grew its stake in shares of Brandywine Realty Trust by 3.4% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 1,705,929 shares of the real estate investment trust’s stock valued at $31,031,000 after buying an additional 56,430 shares during the last quarter.
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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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