Brokerages Set Brandywine Realty Trust (BDN) Target Price at $18.10
Brandywine Realty Trust (NYSE:BDN) has earned an average recommendation of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.10.
A number of research analysts have commented on BDN shares. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $18.00 price objective on shares of Brandywine Realty Trust in a research report on Friday, October 20th. Finally, Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.00 to $19.00 in a research report on Monday, July 10th.
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Brandywine Realty Trust (BDN) remained flat at $$17.50 during midday trading on Wednesday. The company had a trading volume of 689,603 shares, compared to its average volume of 1,550,000. The firm has a market capitalization of $3,070.00, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.04. Brandywine Realty Trust has a 1-year low of $14.04 and a 1-year high of $18.18. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.83 and a current ratio of 1.83.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.24). The firm had revenue of $128.43 million during the quarter, compared to the consensus estimate of $131.16 million. Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share. equities analysts predict that Brandywine Realty Trust will post 1.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 400.00%.
In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total transaction of $87,050.00. Following the sale, the director now owns 60,237 shares of the company’s stock, valued at approximately $1,048,726.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William D. Redd sold 112,083 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $16.56, for a total value of $1,856,094.48. Following the sale, the executive vice president now directly owns 83,505 shares in the company, valued at approximately $1,382,842.80. The disclosure for this sale can be found here. In the last three months, insiders sold 121,407 shares of company stock worth $2,016,074. 1.76% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH raised its stake in Brandywine Realty Trust by 0.5% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 57,300 shares of the real estate investment trust’s stock worth $1,004,000 after buying an additional 300 shares during the period. Forward Management LLC raised its stake in Brandywine Realty Trust by 5.1% during the 2nd quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 513 shares during the period. GAM Holding AG raised its stake in Brandywine Realty Trust by 4.0% during the 2nd quarter. GAM Holding AG now owns 15,128 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 578 shares during the period. Thrivent Financial For Lutherans raised its stake in Brandywine Realty Trust by 0.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock worth $1,118,000 after buying an additional 600 shares during the period. Finally, Farr Miller & Washington LLC DC raised its stake in Brandywine Realty Trust by 0.7% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 94,666 shares of the real estate investment trust’s stock worth $1,659,000 after buying an additional 675 shares during the period. 98.48% of the stock is currently owned by institutional investors and hedge funds.
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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