Brandywine Realty Trust (NYSE:BDN) has received an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.13.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Bank of America cut Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $16.50 to $15.50 in a report on Tuesday, June 11th. Finally, ValuEngine cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday.
BDN traded up $0.01 on Monday, hitting $14.32. 2,460,475 shares of the company were exchanged, compared to its average volume of 1,682,038. The stock’s fifty day moving average price is $15.08. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.19. Brandywine Realty Trust has a 12 month low of $12.32 and a 12 month high of $17.23. The company has a market capitalization of $2.52 billion, a PE ratio of 10.45, a PEG ratio of 3.83 and a beta of 1.05.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.31). Brandywine Realty Trust had a return on equity of 5.30% and a net margin of 17.40%. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $140.73 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. Brandywine Realty Trust’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts forecast that Brandywine Realty Trust will post 1.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 55.47%.
In other news, insider Tom Wirth sold 9,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $15.30, for a total value of $148,410.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Diggs sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $14.84, for a total value of $54,908.00. Following the completion of the transaction, the director now owns 36,034 shares of the company’s stock, valued at approximately $534,744.56. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its stake in shares of Brandywine Realty Trust by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 25,554,896 shares of the real estate investment trust’s stock valued at $401,723,000 after purchasing an additional 132,787 shares during the period. BlackRock Inc. raised its stake in Brandywine Realty Trust by 11.1% during the fourth quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock valued at $207,208,000 after buying an additional 1,603,605 shares during the last quarter. PGGM Investments raised its stake in Brandywine Realty Trust by 153.9% during the first quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock valued at $134,461,000 after buying an additional 5,139,484 shares during the last quarter. Macquarie Group Ltd. raised its stake in Brandywine Realty Trust by 2.6% during the fourth quarter. Macquarie Group Ltd. now owns 5,309,313 shares of the real estate investment trust’s stock valued at $68,331,000 after buying an additional 133,681 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its stake in Brandywine Realty Trust by 8.3% during the first quarter. Centersquare Investment Management LLC now owns 2,856,018 shares of the real estate investment trust’s stock valued at $45,297,000 after buying an additional 219,928 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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