Trading Report: The Brokerages give average Rating of “Hold” to Brandywine Realty Trust (NYSE:BDN)

The Brokerages give average Rating of “Hold” to Brandywine Realty Trust (NYSE:BDN)

Brandywine Realty Trust (NYSE:BDN) has earned a consensus rating of “Hold” from the twelve research firms that are covering the firm. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.17.

A number of research firms have recently weighed in on BDN. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $17.00 price target on shares of Brandywine Realty Trust in a research report on Friday, July 22nd. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Barclays PLC lifted their price target on shares of Brandywine Realty Trust from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 19th. Citigroup Inc. lifted their price target on shares of Brandywine Realty Trust from $15.00 to $16.50 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, KeyCorp downgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 price target for the company. in a research report on Friday, July 15th.

In other Brandywine Realty Trust news, insider Tom Wirth sold 5,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.69, for a total transaction of $83,450.00. Following the sale, the insider now owns 99,698 shares of the company’s stock, valued at $1,663,959.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.98% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Kempen Capital Management N.V. boosted its stake in shares of Brandywine Realty Trust by 18.8% in the first quarter. Kempen Capital Management N.V. now owns 88,374 shares of the company’s stock valued at $1,240,000 after buying an additional 13,956 shares in the last quarter. NWQ Investment Management Company LLC boosted its stake in shares of Brandywine Realty Trust by 9.2% in the first quarter. NWQ Investment Management Company LLC now owns 6,114,736 shares of the company’s stock valued at $85,790,000 after buying an additional 513,734 shares in the last quarter. ING Groep NV acquired a new stake in shares of Brandywine Realty Trust during the first quarter valued at $2,806,000. Menta Capital LLC acquired a new stake in shares of Brandywine Realty Trust during the first quarter valued at $616,000. Finally, BlackRock Japan Co. Ltd boosted its stake in shares of Brandywine Realty Trust by 1.6% in the first quarter. BlackRock Japan Co. Ltd now owns 9,280 shares of the company’s stock valued at $130,000 after buying an additional 143 shares in the last quarter.

Brandywine Realty Trust (NYSE:BDN) opened at 14.97 on Tuesday. Brandywine Realty Trust has a 12 month low of $11.22 and a 12 month high of $17.05. The company’s market capitalization is $2.61 billion. The firm has a 50-day moving average price of $15.82 and a 200-day moving average price of $15.64.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The firm earned $127 million during the quarter, compared to the consensus estimate of $126.64 million. Brandywine Realty Trust had a net margin of 0.46% and a return on equity of 0.13%. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. On average, equities analysts anticipate that Brandywine Realty Trust will post $1.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.28%. Brandywine Realty Trust’s payout ratio is presently -1,500.00%.

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