Brandywine Realty Trust (BDN) Given Average Rating of “Hold” by Brokerages

Brandywine Realty Trust (NYSE:BDN) has received an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.17.

BDN has been the subject of several recent research reports. SunTrust Banks set a $18.00 price objective on shares of Brandywine Realty Trust and gave the company a “buy” rating in a research note on Monday, April 23rd. Stifel Nicolaus cut their target price on shares of Brandywine Realty Trust from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, April 20th. JPMorgan Chase & Co. dropped their price objective on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 24th. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Finally, ValuEngine cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.

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Brandywine Realty Trust traded down $0.07, hitting $17.05, during mid-day trading on Monday, Marketbeat.com reports. 40,173 shares of the company were exchanged, compared to its average volume of 1,729,491. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.74 and a quick ratio of 3.74. The firm has a market cap of $3.06 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. Brandywine Realty Trust has a 12-month low of $15.20 and a 12-month high of $18.69.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, April 19th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). Brandywine Realty Trust had a return on equity of 8.37% and a net margin of 27.38%. The company had revenue of $136.36 million for the quarter, compared to analysts’ expectations of $133.17 million. During the same period last year, the business earned $0.32 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that Brandywine Realty Trust will post 1.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, July 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Thursday, July 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 54.96%.

A number of hedge funds and other institutional investors have recently made changes to their positions in BDN. Westwood Holdings Group Inc. lifted its stake in Brandywine Realty Trust by 2.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,424,416 shares of the real estate investment trust’s stock worth $44,100,000 after acquiring an additional 56,015 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth $182,000. Heitman Real Estate Securities LLC boosted its position in shares of Brandywine Realty Trust by 42.3% during the 4th quarter. Heitman Real Estate Securities LLC now owns 1,671,095 shares of the real estate investment trust’s stock worth $30,397,000 after purchasing an additional 496,435 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Brandywine Realty Trust by 34.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,925,098 shares of the real estate investment trust’s stock worth $53,208,000 after purchasing an additional 749,500 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Brandywine Realty Trust by 8.1% during the 4th quarter. BlackRock Inc. now owns 13,228,278 shares of the real estate investment trust’s stock worth $240,624,000 after purchasing an additional 987,496 shares in the last quarter.

About Brandywine Realty Trust

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 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.