Brandywine Realty Trust (BDN) Upgraded at Evercore ISI

Brandywine Realty Trust (NYSE:BDN) was upgraded by Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Monday.

A number of other brokerages have also commented on BDN. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research note on Friday, August 25th. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a research note on Friday, October 20th. Finally, BidaskClub raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.58.

Brandywine Realty Trust (BDN) traded up $0.35 during trading hours on Monday, hitting $17.58. The stock had a trading volume of 258,980 shares, compared to its average volume of 1,228,934. Brandywine Realty Trust has a 52-week low of $15.14 and a 52-week high of $18.18. The stock has a market capitalization of $3,023.48, a price-to-earnings ratio of 12.67, a PEG ratio of 3.16 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 (NYSE:BDN) last announced its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The business had revenue of $128.43 million during the quarter, compared to analysts’ expectations of $131.16 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. equities research analysts forecast that Brandywine Realty Trust will post 1.32 EPS for the current fiscal year.

In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total transaction of $87,050.00. Following the completion of the transaction, the director now owns 60,237 shares of the company’s stock, valued at $1,048,726.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.76% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH lifted its position in Brandywine Realty Trust by 0.5% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 57,300 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 300 shares during the period. Forward Management LLC lifted its position in Brandywine Realty Trust by 5.1% during the second quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 513 shares during the period. GAM Holding AG lifted 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 buying an additional 578 shares during the period. Farr Miller & Washington LLC DC lifted its position in Brandywine Realty Trust by 0.7% during the second quarter. Farr Miller & Washington LLC DC now owns 94,666 shares of the real estate investment trust’s stock valued at $1,659,000 after buying an additional 675 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in Brandywine Realty Trust by 1.5% during the second quarter. Thrivent Financial For Lutherans now owns 69,904 shares of the real estate investment trust’s stock valued at $1,225,000 after buying an additional 1,000 shares during the period. 98.79% of the stock is owned by institutional investors and hedge funds.

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About Brandywine Realty Trust

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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