Brandywine Realty Trust (BDN) Lifted to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a sell rating to a hold rating in a research note issued to investors on Monday.
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. “
A number of other research analysts have also issued reports on the stock. Evercore ISI upgraded shares of Brandywine Realty Trust from an in-line rating to an outperform rating in a research note on Monday, December 4th. SunTrust Banks restated a buy rating and set a $18.00 price target on shares of Brandywine Realty Trust in a research note on Friday, October 20th. KeyCorp restated a hold rating on shares of Brandywine Realty Trust in a research note on Sunday, September 24th. ValuEngine upgraded shares of Brandywine Realty Trust from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of Brandywine Realty Trust from a sell rating to a hold rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $17.58.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results 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). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The firm had revenue of $128.43 million for the quarter, compared to analysts’ expectations of $131.16 million. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue was down 1.0% on a year-over-year basis. equities analysts forecast that Brandywine Realty Trust will post 1.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.00%. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16. Brandywine Realty Trust’s dividend payout ratio is presently 400.03%.
In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total value of $87,050.00. Following the sale, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.76% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in BDN. Aperio Group LLC boosted its holdings in Brandywine Realty Trust by 3.3% during the second quarter. Aperio Group LLC now owns 68,942 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 2,210 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Brandywine Realty Trust during the second quarter worth $180,000. Daiwa Securities Group Inc. boosted its holdings in Brandywine Realty Trust by 17.2% during the second quarter. Daiwa Securities Group Inc. now owns 15,700 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 2,300 shares in the last quarter. Sei Investments Co. boosted its holdings in Brandywine Realty Trust by 4.4% during the second quarter. Sei Investments Co. now owns 76,889 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 3,271 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Brandywine Realty Trust by 12.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,728,115 shares of the real estate investment trust’s stock worth $30,294,000 after buying an additional 197,908 shares in the last quarter. Hedge funds and other institutional investors own 98.79% of the company’s stock.
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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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