Brandywine Realty Trust (NYSE:BDN) Director William D. Redd sold 15,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $15.18, for a total value of $227,700.00. Following the completion of the sale, the director now owns 73,069 shares of the company’s stock, valued at $1,109,187.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BDN traded down $0.12 during trading on Tuesday, reaching $15.14. The company had a trading volume of 1,141,746 shares, compared to its average volume of 1,574,881. The stock has a market cap of $2.69 billion, a P/E ratio of 11.05, a PEG ratio of 3.42 and a beta of 0.91. The business has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $14.82. Brandywine Realty Trust has a 52 week low of $12.32 and a 52 week high of $16.18. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.23.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.32). The company had revenue of $145.33 million during the quarter, compared to the consensus estimate of $143.24 million. Brandywine Realty Trust had a return on equity of 7.89% and a net margin of 24.28%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, equities research analysts expect that Brandywine Realty Trust will post 1.41 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of BDN. Invesco Ltd. lifted its position in Brandywine Realty Trust by 1,406.3% in the second quarter. Invesco Ltd. now owns 1,804,645 shares of the real estate investment trust’s stock worth $25,842,000 after buying an additional 1,684,838 shares during the last quarter. LSV Asset Management purchased a new stake in Brandywine Realty Trust in the second quarter worth $21,434,000. Nuveen Asset Management LLC increased its stake in Brandywine Realty Trust by 47.9% in the second quarter. Nuveen Asset Management LLC now owns 4,368,933 shares of the real estate investment trust’s stock worth $62,563,000 after purchasing an additional 1,415,051 shares during the period. Centersquare Investment Management LLC increased its stake in Brandywine Realty Trust by 32.5% in the second quarter. Centersquare Investment Management LLC now owns 3,782,865 shares of the real estate investment trust’s stock worth $54,170,000 after purchasing an additional 926,847 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Brandywine Realty Trust by 29.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,384,670 shares of the real estate investment trust’s stock worth $48,469,000 after purchasing an additional 764,650 shares during the period. Institutional investors own 98.31% of the company’s stock.
BDN has been the subject of a number of analyst reports. Barclays set a $19.00 price target on Brandywine Realty Trust and gave the stock a “buy” rating in a research report on Friday, October 11th. Zacks Investment Research downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Brandywine Realty Trust presently has an average rating of “Hold” and a consensus target price of $16.88.
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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