Shares of Brandywine Realty Trust (NYSE:BDN) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $18.13.
BDN has been the subject of several research analyst reports. BidaskClub downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Mizuho upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $19.00 in a research report on Monday, July 10th. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. Finally, ValuEngine upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 0.34% on Friday, hitting $17.87. 1,101,790 shares of the stock were exchanged. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $17.99. The firm’s 50-day moving average is $17.17 and its 200-day moving average is $17.07. The company has a market cap of $3.12 billion, a P/E ratio of 203.07 and a beta of 1.05.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.31. The business had revenue of $127.79 million during the quarter, compared to the consensus estimate of $134.07 million. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, equities analysts forecast that Brandywine Realty Trust will post $0.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.64 annualized dividend and a yield of 3.58%. Brandywine Realty Trust’s dividend payout ratio is presently 800.10%.
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In other Brandywine Realty Trust news, insider Tom Wirth sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total value of $42,250.00. Following the transaction, the insider now owns 110,473 shares in the company, valued at approximately $1,866,993.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wyche Fowler sold 1,824 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the completion of the transaction, the director now owns 64,948 shares in the company, valued at approximately $1,092,425.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,407 shares of company stock worth $1,929,024. Company insiders own 1.76% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in BDN. Bank of New York Mellon Corp increased its stake in shares of Brandywine Realty Trust by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,153,470 shares of the real estate investment trust’s stock worth $18,721,000 after purchasing an additional 37,302 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Brandywine Realty Trust by 23.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 394,057 shares of the real estate investment trust’s stock worth $6,396,000 after purchasing an additional 74,096 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Brandywine Realty Trust during the 1st quarter worth $1,083,000. Mutual of America Capital Management LLC increased its stake in shares of Brandywine Realty Trust by 4.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 56,693 shares of the real estate investment trust’s stock worth $920,000 after purchasing an additional 2,558 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Brandywine Realty Trust by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,446 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 594 shares during the last quarter. Institutional investors own 98.38% of the company’s stock.
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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