Zacks Investment Research upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a sell rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “Brandywine Realty Trust is a self-administered, self-managed and fully integrated Real Estate Investment Trust active in acquiring, developing, redeveloping, leasing and managing suburban office and industrial properties. The company’s portfolio includes approximately 151 office properties and 28 industrial facilities. Certain of the Properties serve as flex facilities, accommodating office use, warehouse space and research and development activities. “
Other equities analysts have also issued reports about the stock. KeyCorp upgraded shares of Brandywine Realty Trust from a sector weight rating to an overweight rating and set a $21.00 price target for the company in a research report on Tuesday, December 19th. Stifel Nicolaus lowered shares of Brandywine Realty Trust from a buy rating to a hold rating and dropped their price target for the stock from $19.00 to $17.00 in a research report on Tuesday, March 13th. Finally, Barclays upped their price target on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an equal weight rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $18.60.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $133.30 million during the quarter, compared to the consensus estimate of $128.42 million. Brandywine Realty Trust had a return on equity of 7.07% and a net margin of 23.20%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. equities research analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.62%. Brandywine Realty Trust’s dividend payout ratio is 54.96%.
Several large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new position in shares of Brandywine Realty Trust during the fourth quarter worth $240,000. Westwood Holdings Group Inc. boosted its position in shares of Brandywine Realty Trust by 2.4% during 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. Macquarie Group Ltd. boosted its position in shares of Brandywine Realty Trust by 0.5% during the fourth quarter. Macquarie Group Ltd. now owns 5,996,278 shares of the real estate investment trust’s stock worth $109,374,000 after acquiring an additional 29,694 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Brandywine Realty Trust during the fourth quarter worth $225,000. Finally, Verition Fund Management LLC bought a new position in shares of Brandywine Realty Trust during the fourth quarter worth $511,000.
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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 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.
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