Brandywine Realty Trust (BDN) Downgraded by Zacks Investment Research
Brandywine Realty Trust (NYSE:BDN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
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. “
A number of other equities research analysts have also issued reports on BDN. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. BidaskClub lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.00 to $19.00 in a research report on Monday, July 10th. Finally, Stephens raised Brandywine Realty Trust to an “underweight” rating in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $17.58.
Shares of Brandywine Realty Trust (NYSE:BDN) traded down 1.06% during midday trading on Thursday, hitting $16.82. 1,181,271 shares of the stock were exchanged. Brandywine Realty Trust has a 52-week low of $14.04 and a 52-week high of $17.83. The firm has a market cap of $2.93 billion, a PE ratio of 191.14 and a beta of 1.04. The firm’s 50-day moving average is $16.90 and its 200 day moving average is $16.91.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.31. The company had revenue of $127.79 million for the quarter, compared to analyst estimates of $134.07 million. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. Brandywine Realty Trust’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, analysts forecast that Brandywine Realty Trust will post $0.24 earnings per share for the current year.
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In related news, Director Wyche Fowler sold 1,824 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.82, for a total transaction of $30,679.68. Following the transaction, the director now owns 64,948 shares in the company, valued at approximately $1,092,425.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tom Wirth sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total value of $42,250.00. Following the transaction, the insider now owns 110,473 shares in the company, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. Insiders have sold a total of 116,407 shares of company stock worth $1,929,024 in the last three months. Corporate insiders own 1.76% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BDN. Pensionfund DSM Netherlands grew its stake in Brandywine Realty Trust by 27.4% during the 4th quarter. Pensionfund DSM Netherlands now owns 153,400 shares of the real estate investment trust’s stock worth $2,095,000 after buying an additional 33,000 shares during the last quarter. Dalton Greiner Hartman Maher & Company grew its stake in Brandywine Realty Trust by 13.5% during the 4th quarter. Dalton Greiner Hartman Maher & Company now owns 1,720,202 shares of the real estate investment trust’s stock worth $23,498,000 after buying an additional 204,205 shares during the last quarter. Shinko Asset Management Co. Ltd. grew its stake in Brandywine Realty Trust by 15,021.0% during the 4th quarter. Shinko Asset Management Co. Ltd. now owns 1,678,427 shares of the real estate investment trust’s stock worth $22,927,000 after buying an additional 1,667,327 shares during the last quarter. Emerald Advisers Inc. PA purchased a new position in Brandywine Realty Trust during the 4th quarter worth approximately $1,963,000. Finally, Real Estate Management Services LLC grew its stake in Brandywine Realty Trust by 8.5% during the 4th quarter. Real Estate Management Services LLC now owns 2,587,700 shares of the real estate investment trust’s stock worth $35,348,000 after buying an additional 201,800 shares during the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.
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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