Brandywine Realty Trust (BDN) Receives $16.58 Average Price Target from Brokerages

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Brandywine Realty Trust (NYSE:BDN) has been given an average rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.58.

BDN has been the topic of a number of recent analyst reports. Raymond James downgraded shares of Brandywine Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Barclays raised shares of 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. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, Bank of America downgraded shares of Brandywine Realty Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $17.00 to $16.50 in a research report on Monday, February 25th.

BDN traded down $0.21 during trading hours on Wednesday, hitting $15.88. 84,920 shares of the company’s stock were exchanged, compared to its average volume of 1,355,662. Brandywine Realty Trust has a 12-month low of $12.32 and a 12-month high of $17.23. The company has a market cap of $2.82 billion, a P/E ratio of 11.60, a PEG ratio of 2.53 and a beta of 1.15. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.11.

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 for the quarter, topping the consensus estimate of $0.35 by $0.01. Brandywine Realty Trust had a net margin of 25.04% and a return on equity of 7.44%. The firm had revenue of $139.20 million for the quarter, compared to the consensus estimate of $136.52 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts forecast that Brandywine Realty Trust will post 1.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 55.47%.

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

Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Brandywine Realty Trust in the 1st quarter worth $262,000. PGGM Investments increased its holdings 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 valued at $134,461,000 after purchasing an additional 5,139,484 shares in the last quarter. Manning & Napier Group LLC increased its holdings in shares of Brandywine Realty Trust by 11.1% in the 1st quarter. Manning & Napier Group LLC now owns 523,355 shares of the real estate investment trust’s stock valued at $8,298,000 after purchasing an additional 52,330 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Brandywine Realty Trust by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 76,923 shares of the real estate investment trust’s stock valued at $1,218,000 after purchasing an additional 665 shares in the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of Brandywine Realty Trust by 29.4% in the 1st quarter. First Hawaiian Bank now owns 10,840 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 2,460 shares in the last quarter. Hedge funds and other institutional investors own 95.01% of the company’s stock.

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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Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

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