Brandywine Realty Trust (BDN) Receives Average Recommendation of “Hold” from Brokerages
Shares of Brandywine Realty Trust (NYSE:BDN) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.17.
A number of analysts recently weighed in on the stock. Barclays PLC reiterated a “neutral” rating on shares of Brandywine Realty Trust in a research note on Friday, February 10th. Zacks Investment Research cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. Raymond James Financial, Inc. upgraded shares of Brandywine Realty Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, January 9th. Evercore ISI upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.50 price target for the company in a research note on Monday, December 19th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. cut shares of Brandywine Realty Trust from an “overweight” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Friday, December 16th.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at 16.41 on Thursday. The stock’s 50 day moving average is $16.26 and its 200-day moving average is $15.77. The stock has a market cap of $2.86 billion, a PE ratio of 87.29 and a beta of 1.05. Brandywine Realty Trust has a 1-year low of $13.20 and a 1-year high of $17.05.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.34. The firm earned $132.08 million during the quarter, compared to analysts’ expectations of $135.56 million. Brandywine Realty Trust had a net margin of 7.65% and a return on equity of 2.08%. Brandywine Realty Trust’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. On average, analysts predict that Brandywine Realty Trust will post $0.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 19th. Stockholders of record on Wednesday, April 5th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Monday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 355.56%.
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In other news, Director H Richard Haverstick, Jr. bought 7,500 shares of Brandywine Realty Trust stock in a transaction dated Wednesday, February 8th. The stock was bought at an average price of $15.98 per share, for a total transaction of $119,850.00. Following the purchase, the director now owns 7,500 shares of the company’s stock, valued at $119,850. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gerard H. Sweeney sold 20,000 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $16.79, for a total transaction of $335,800.00. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $991,600 in the last 90 days. Company insiders own 1.98% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BDN. Daiwa Securities Group Inc. boosted its stake in Brandywine Realty Trust by 1.6% in the third quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the period. Private Advisor Group LLC purchased a new stake in Brandywine Realty Trust during the fourth quarter valued at approximately $213,000. Cadence Capital Management LLC purchased a new stake in Brandywine Realty Trust during the fourth quarter valued at approximately $231,000. Mizuho Securities USA Inc. purchased a new stake in Brandywine Realty Trust during the third quarter valued at approximately $219,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Brandywine Realty Trust by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,527 shares of the company’s stock valued at $240,000 after buying an additional 256 shares during the period.
Brandywine Realty Trust Company Profile
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.
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