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.
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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.
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