Brandywine Realty Trust (NYSE:BDN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

According to Zacks, “Brandywine Realty Trust is a self-administered, self-managed and fully integrated Real Estate Investment Trust active in acquiring, developing, redeveloping, leasing and managing suburban office and industrial properties. The company’s portfolio includes approximately 151 office properties and 28 industrial facilities. Certain of the Properties serve as flex facilities, accommodating office use, warehouse space and research and development activities. “

BDN has been the topic of a number of other research reports. Raymond James lowered Brandywine Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Barclays upgraded Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research report on Monday, February 4th. Finally, Bank of America lowered Brandywine Realty Trust from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $16.50 in a research report on Monday, February 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.64.

Shares of NYSE:BDN traded down $0.24 during midday trading on Monday, reaching $15.85. 1,946,570 shares of the company’s stock traded hands, compared to its average volume of 1,841,394. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $17.23. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.63 and a quick ratio of 1.63.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Brandywine Realty Trust had a return on equity of 7.44% and a net margin of 25.04%. The firm had revenue of $139.20 million for the quarter, compared to analyst estimates of $136.52 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Brandywine Realty Trust will post 1.4 earnings per share for the current year.

In related news, insider Gerard H. Sweeney sold 190,000 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $15.81, for a total value of $3,003,900.00. Following the completion of the transaction, the insider now directly owns 1,359,858 shares of the company’s stock, valued at approximately $21,499,354.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerard H. Sweeney sold 84,973 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $15.90, for a total value of $1,351,070.70. Following the completion of the transaction, the insider now directly owns 1,304,831 shares of the company’s stock, valued at $20,746,812.90. The disclosure for this sale can be found here. 1.84% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc raised its stake in 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 last quarter. Vanguard Group Inc. increased 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 worth $401,723,000 after acquiring an additional 132,787 shares during the last quarter. BlackRock Inc. increased its stake in shares of Brandywine Realty Trust by 11.1% in the 4th quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock worth $207,208,000 after acquiring an additional 1,603,605 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Brandywine Realty Trust by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,590,384 shares of the real estate investment trust’s stock worth $150,760,000 after acquiring an additional 677,156 shares during the last quarter. Finally, PGGM Investments increased its stake in shares of Brandywine Realty Trust by 153.9% in the 1st quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock worth $134,461,000 after acquiring an additional 5,139,484 shares during the last quarter. 95.01% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust Company Profile

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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