Brandywine Realty Trust (BDN) Given Consensus Rating of “Buy” by Brokerages
Shares of Brandywine Realty Trust (NYSE:BDN) have earned a consensus rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.25.
BDN has been the topic of several research analyst reports. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks reiterated a “buy” rating and set a $18.00 price target on shares of Brandywine Realty Trust in a research note on Friday, October 20th. KeyCorp upgraded Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a research note on Tuesday, December 19th. Finally, Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th.
Shares of Brandywine Realty Trust (NYSE:BDN) traded down $0.13 during trading hours on Monday, reaching $17.20. The company had a trading volume of 1,087,500 shares, compared to its average volume of 1,200,044. Brandywine Realty Trust has a 12 month low of $15.63 and a 12 month high of $18.69. The firm has a market cap of $3,018.21, a price-to-earnings ratio of 107.51, a P/E/G ratio of 2.85 and a beta of 1.02. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a $0.18 dividend. This is an increase from Brandywine Realty Trust’s previous quarterly dividend of $0.16. The ex-dividend date is Monday, January 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.19%. Brandywine Realty Trust’s dividend payout ratio is presently 450.03%.
In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total value of $87,050.00. Following the sale, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gerard H. Sweeney sold 9,241 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $18.51, for a total value of $171,050.91. The disclosure for this sale can be found here. Insiders sold 34,241 shares of company stock worth $628,301 in the last 90 days. Company insiders own 1.76% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Brandywine Realty Trust by 2.4% in the second quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock worth $213,422,000 after buying an additional 287,894 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Brandywine Realty Trust by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 8,479,270 shares of the real estate investment trust’s stock worth $148,810,000 after purchasing an additional 237,279 shares in the last quarter. Macquarie Group Ltd. boosted its position in Brandywine Realty Trust by 21.0% during the third quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock worth $104,356,000 after purchasing an additional 1,037,395 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Brandywine Realty Trust by 6.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,887,600 shares of the real estate investment trust’s stock worth $67,994,000 after purchasing an additional 240,925 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Brandywine Realty Trust by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,760,499 shares of the real estate investment trust’s stock worth $48,281,000 after purchasing an additional 81,034 shares in the last quarter. Hedge funds and other institutional investors own 98.73% 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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