Brandywine Realty Trust (BDN) Given Average Rating of “Hold” by Brokerages

Brandywine Realty Trust (NYSE:BDN) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.13.

Several analysts recently issued reports on the company. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. BidaskClub upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a research report on Sunday, September 24th. Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $19.00 in a research report on Monday, July 10th. Finally, ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

COPYRIGHT VIOLATION WARNING: “Brandywine Realty Trust (BDN) Given Average Rating of “Hold” by Brokerages” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/10/12/brandywine-realty-trust-bdn-given-average-rating-of-hold-by-brokerages.html.

In other Brandywine Realty Trust news, EVP William D. Redd sold 112,083 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $16.56, for a total transaction of $1,856,094.48. Following the completion of the transaction, the executive vice president now owns 83,505 shares in the company, valued at approximately $1,382,842.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wyche Fowler sold 1,824 shares of Brandywine Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.82, for a total value of $30,679.68. Following the completion of the transaction, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,407 shares of company stock valued at $1,929,024 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Koch Industries Inc. purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $212,000. Susquehanna International Group LLP boosted its holdings in shares of Brandywine Realty Trust by 228.0% in the 2nd quarter. Susquehanna International Group LLP now owns 334,867 shares of the real estate investment trust’s stock worth $5,870,000 after purchasing an additional 232,770 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $492,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Brandywine Realty Trust by 3,588.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 161,940 shares of the real estate investment trust’s stock worth $2,838,000 after purchasing an additional 157,549 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $571,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.

Shares of Brandywine Realty Trust (BDN) traded up 0.50% on Friday, hitting $18.11. The stock had a trading volume of 1,078,133 shares. The firm has a 50-day moving average price of $17.28 and a 200-day moving average price of $17.10. The stock has a market capitalization of $3.16 billion, a P/E ratio of 205.80 and a beta of 1.05. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $18.12.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The firm had revenue of $127.79 million during the quarter, compared to analysts’ expectations of $134.07 million. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Equities analysts expect that Brandywine Realty Trust will post $0.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.53%. The ex-dividend date is Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is presently 800.10%.

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.

Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

What are top analysts saying about Brandywine Realty Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Brandywine Realty Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit