Brandywine Realty Trust (NYSE:BDN) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $17.00 price target on the real estate investment trust’s stock, down from their previous price target of $19.00. Stifel Nicolaus’ price objective indicates a potential upside of 4.42% from the company’s current price.
Several other equities analysts have also recently commented on BDN. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Barclays upped their price target on Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Evercore ISI raised Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Finally, KeyCorp raised Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price target for the company in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Brandywine Realty Trust (BDN) opened at $16.28 on Tuesday. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $2,917.53, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. Brandywine Realty Trust has a twelve month low of $15.45 and a twelve month high of $18.69.
In other news, CEO Gerard H. Sweeney sold 9,241 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $18.51, for a total value of $171,050.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.76% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. APG Asset Management US Inc. acquired a new position in shares of Brandywine Realty Trust in the 4th quarter worth approximately $9,095,000. Citadel Advisors LLC grew its position in Brandywine Realty Trust by 86.0% during the 3rd quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock worth $29,441,000 after acquiring an additional 778,084 shares during the last quarter. Stevens Capital Management LP bought a new stake in Brandywine Realty Trust during the 3rd quarter worth approximately $930,000. Macquarie Group Ltd. grew its position in Brandywine Realty Trust by 21.0% during the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock worth $104,356,000 after acquiring an additional 1,037,395 shares during the last quarter. Finally, Swiss National Bank grew its position in Brandywine Realty Trust by 2.1% during the 4th quarter. Swiss National Bank now owns 298,800 shares of the real estate investment trust’s stock worth $5,435,000 after acquiring an additional 6,200 shares during the last quarter.
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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