Brandywine Realty Trust (NYSE:BDN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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. “

Several other equities research analysts also recently commented on BDN. BidaskClub downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.00 to $19.00 in a report on Monday, July 10th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a report on Friday, August 25th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $18.00 target price on shares of Brandywine Realty Trust in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Brandywine Realty Trust currently has an average rating of “Hold” and a consensus target price of $17.58.

Brandywine Realty Trust (BDN) traded up 0.17% on Tuesday, hitting $17.52. The stock had a trading volume of 2,185,761 shares. The company has a market cap of $3.06 billion, a PE ratio of 199.09 and a beta of 1.05. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $18.18. The stock has a 50-day moving average of $17.43 and a 200-day moving average of $17.19.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.10%. The company had revenue of $128.43 million for the quarter, compared to analysts’ expectations of $131.16 million. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was down 1.0% 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.

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In related news, insider Tom Wirth sold 2,500 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total value 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 approximately $1,866,993.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wyche Fowler sold 1,824 shares of the stock in a transaction dated 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 sale, the director now directly owns 64,948 shares of the company’s stock, valued at $1,092,425.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,407 shares of company stock valued at $1,929,024. Company insiders own 1.76% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Brandywine Realty Trust by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 28,607,123 shares of the real estate investment trust’s stock worth $464,293,000 after acquiring an additional 863,062 shares in the last quarter. BlackRock Inc. lifted its stake in Brandywine Realty Trust by 2.4% in the 2nd quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock worth $213,422,000 after acquiring an additional 287,894 shares in the last quarter. Franklin Resources Inc. lifted its stake in Brandywine Realty Trust by 3.4% in the 2nd quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock worth $93,728,000 after acquiring an additional 175,935 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Brandywine Realty Trust by 1.6% in the 2nd quarter. Macquarie Group Ltd. now owns 4,929,189 shares of the real estate investment trust’s stock worth $86,409,000 after acquiring an additional 79,332 shares in the last quarter. Finally, State Street Corp lifted its stake in Brandywine Realty Trust by 0.3% in the 1st quarter. State Street Corp now owns 4,817,685 shares of the real estate investment trust’s stock worth $78,192,000 after acquiring an additional 14,531 shares in the last quarter. 98.23% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

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