Brandywine Realty Trust (BDN) Upgraded by KeyCorp to “Overweight”

Brandywine Realty Trust (NYSE:BDN) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued on Tuesday. The firm currently has a $21.00 target price on the real estate investment trust’s stock. KeyCorp’s price objective suggests a potential upside of 13.02% from the stock’s current price.

Other analysts also recently issued reports about the company. SunTrust Banks reaffirmed a “buy” rating and issued a $18.00 target price on shares of Brandywine Realty Trust in a research note on Friday, October 20th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Evercore ISI raised Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.25.

Shares of Brandywine Realty Trust (NYSE BDN) traded up $0.15 on Tuesday, hitting $18.58. The company’s stock had a trading volume of 2,807,900 shares, compared to its average volume of 1,272,788. Brandywine Realty Trust has a twelve month low of $15.63 and a twelve month high of $18.69. The firm has a market cap of $3,234.05, a P/E ratio of 13.55, a PEG ratio of 3.27 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.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share (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 company had revenue of $128.43 million during the quarter, compared to analyst estimates of $131.16 million. During the same period last year, the business earned $0.33 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. equities analysts expect that Brandywine Realty Trust will post 1.32 EPS for the current year.

In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 60,237 shares of the company’s stock, valued at approximately $1,048,726.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.76% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Resolution Capital Ltd acquired a new position in Brandywine Realty Trust in the 3rd quarter valued at about $37,185,000. Macquarie Group Ltd. grew its position in Brandywine Realty Trust by 21.0% in the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after acquiring an additional 1,037,395 shares in the last quarter. Renaissance Technologies LLC grew its position in Brandywine Realty Trust by 2,991.8% in the 2nd quarter. Renaissance Technologies LLC now owns 908,998 shares of the real estate investment trust’s stock valued at $15,935,000 after acquiring an additional 879,598 shares in the last quarter. Balyasny Asset Management LLC grew its position in Brandywine Realty Trust by 110.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,482,090 shares of the real estate investment trust’s stock valued at $25,981,000 after acquiring an additional 779,078 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in Brandywine Realty Trust by 86.0% in the 3rd quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock valued at $29,441,000 after acquiring an additional 778,084 shares in the last quarter. 98.47% of the stock is owned by hedge funds and other institutional investors.

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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.