Brandywine Realty Trust (NYSE:BDN)‘s stock had its “hold” rating reissued by analysts at KeyCorp in a research report issued to clients and investors on Friday.
Several other brokerages also recently issued reports on BDN. Stephens upgraded shares of Brandywine Realty Trust to an “underweight” rating in a research note on Monday, May 15th. Mizuho upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $19.00 in a research note on Monday, July 10th. BidaskClub downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Brandywine Realty Trust has an average rating of “Hold” and a consensus target price of $17.58.
Shares of Brandywine Realty Trust (BDN) opened at 17.10 on Friday. Brandywine Realty Trust has a 52-week low of $14.04 and a 52-week high of $17.83. The stock has a market capitalization of $2.98 billion, a PE ratio of 194.32 and a beta of 1.05. The stock’s 50 day moving average is $16.91 and its 200 day moving average is $16.86.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.31. The business 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%. Brandywine Realty Trust’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. Equities research analysts expect that Brandywine Realty Trust will post $0.24 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://stocknewstimes.com/2017/08/27/brandywine-realty-trust-bdn-rating-reiterated-by-keycorp.html.
In other Brandywine Realty Trust news, Director Wyche Fowler sold 1,824 shares of Brandywine Realty Trust stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the sale, the director now owns 64,948 shares in the company, valued at $1,092,425.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tom Wirth sold 2,500 shares of Brandywine Realty Trust stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total transaction of $42,250.00. Following the sale, the insider now owns 110,473 shares in the company, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. Insiders have sold 116,407 shares of company stock worth $1,929,024 in the last quarter. Corporate insiders own 1.76% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Brandywine Realty Trust by 83.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,808,499 shares of the real estate investment trust’s stock valued at $29,352,000 after buying an additional 822,845 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Brandywine Realty Trust during the first quarter valued at approximately $1,083,000. Clinton Group Inc. purchased a new stake in shares of Brandywine Realty Trust during the first quarter valued at approximately $169,000. Thrivent Financial For Lutherans increased its stake in shares of Brandywine Realty Trust by 0.9% in the first quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock valued at $1,118,000 after buying an additional 600 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Brandywine Realty Trust by 5.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 57,000 shares of the real estate investment trust’s stock valued at $925,000 after buying an additional 2,900 shares in the last quarter.
About Brandywine Realty Trust
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.
Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
