KeyCorp Reiterates Hold Rating for Brandywine Realty Trust (BDN)
Other equities analysts also recently issued reports about the stock. Mizuho raised shares of Brandywine Realty Trust from a neutral rating to a buy rating and increased their target price for the stock from $16.00 to $19.00 in a research report on Monday, July 10th. ValuEngine raised shares of Brandywine Realty Trust from a hold rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Brandywine Realty Trust from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Brandywine Realty Trust from a sell rating to a hold rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Brandywine Realty Trust presently has a consensus rating of Hold and a consensus target price of $17.58.
Brandywine Realty Trust (NYSE BDN) opened at 17.51 on Friday. The firm’s 50 day moving average price is $16.89 and its 200-day moving average price is $16.93. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $17.83. The firm has a market cap of $3.05 billion, a PE ratio of 198.98 and a beta of 1.04.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.31. The firm had revenue of $127.79 million for 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 business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. On average, analysts forecast that Brandywine Realty Trust will post $0.24 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is 800.10%.
In related news, EVP William D. Redd sold 112,083 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $16.56, for a total value of $1,856,094.48. Following the completion of the sale, the executive vice president now owns 83,505 shares in the company, valued at $1,382,842.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Wyche Fowler sold 1,824 shares of the stock in a transaction dated 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 sale, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The disclosure for this sale can be found here. Insiders have sold 116,407 shares of company stock valued at $1,929,024 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clinton Group Inc. bought a new stake in shares of Brandywine Realty Trust in the first quarter valued at about $169,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Brandywine Realty Trust in the first quarter valued at about $171,000. Janney Montgomery Scott LLC bought a new stake in shares of Brandywine Realty Trust in the second quarter valued at about $180,000. Forward Management LLC lifted its stake in shares of Brandywine Realty Trust by 5.1% in the second quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 513 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Brandywine Realty Trust by 71.0% in the first quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 5,029 shares during the period. Institutional investors and hedge funds own 98.38% of the company’s stock.
Brandywine Realty Trust Company Profile
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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