Brandywine Realty Trust (BDN) Upgraded to “Hold” by Zacks Investment Research
Brandywine Realty Trust (NYSE:BDN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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 research analysts have also weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.00 to $19.00 in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.50.
Brandywine Realty Trust (NYSE BDN) traded up 0.50% on Thursday, reaching $18.11. 1,078,133 shares of the company traded hands. The company has a market capitalization of $3.16 billion, a PE ratio of 205.80 and a beta of 1.05. The stock’s 50 day moving average price is $17.28 and its 200 day moving average price is $17.10. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $18.12.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.31. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The firm had revenue of $127.79 million during the quarter, compared to analyst estimates of $134.07 million. During the same period last year, the firm posted $0.32 earnings per share. Brandywine Realty Trust’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that Brandywine Realty Trust will post $0.24 EPS for the current fiscal year.
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In other news, insider Tom Wirth sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total transaction of $42,250.00. Following the completion of the sale, the insider now directly owns 110,473 shares of the company’s stock, valued at $1,866,993.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William D. Redd sold 112,083 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.56, for a total transaction of $1,856,094.48. Following the sale, the executive vice president now directly owns 83,505 shares of the company’s stock, valued at $1,382,842.80. The disclosure for this sale can be found here. Insiders have sold 116,407 shares of company stock valued at $1,929,024 over the last ninety days. 1.76% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Brandywine Realty Trust by 83.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,808,499 shares of the real estate investment trust’s stock valued at $29,352,000 after purchasing an additional 822,845 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Brandywine Realty Trust by 90.9% during the second quarter. Virginia Retirement Systems ET AL now owns 114,900 shares of the real estate investment trust’s stock valued at $2,014,000 after purchasing an additional 54,700 shares during the period. Clinton Group Inc. purchased a new stake in shares of Brandywine Realty Trust during the first quarter valued at $169,000. Thrivent Financial For Lutherans boosted its stake in shares of Brandywine Realty Trust by 0.9% during the first quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 600 shares during the period. Finally, Presima Inc. boosted its stake in shares of Brandywine Realty Trust by 2.5% during the second quarter. Presima Inc. now owns 177,400 shares of the real estate investment trust’s stock valued at $3,110,000 after purchasing an additional 4,400 shares during the period. 98.38% of the stock is owned by hedge funds and other institutional investors.
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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