Brandywine Realty Trust (BDN) Sets New 1-Year Low at $14.85

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Brandywine Realty Trust (NYSE:BDN) shares hit a new 52-week low on Thursday . The stock traded as low as $14.85 and last traded at $14.81, with a volume of 35802 shares. The stock had previously closed at $15.08.

Several brokerages have recently weighed in on BDN. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.00.

The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.85 and a current ratio of 2.85.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.27). Brandywine Realty Trust had a net margin of 28.08% and a return on equity of 8.38%. The business had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $136.68 million. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Brandywine Realty Trust will post 1.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Thursday, October 4th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, October 3rd. This represents a $0.72 annualized dividend and a yield of 4.96%. Brandywine Realty Trust’s payout ratio is 54.96%.

In related news, EVP William D. Redd sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $16.45, for a total value of $493,500.00. Following the transaction, the executive vice president now owns 64,643 shares in the company, valued at $1,063,377.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Diggs sold 5,234 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $16.09, for a total transaction of $84,215.06. Following the completion of the transaction, the director now owns 39,734 shares in the company, valued at approximately $639,320.06. The disclosure for this sale can be found here. Insiders sold 43,234 shares of company stock worth $710,625 in the last 90 days. 1.84% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in Brandywine Realty Trust by 68.4% in the third quarter. Bank of Montreal Can now owns 341,931 shares of the real estate investment trust’s stock valued at $5,375,000 after buying an additional 138,856 shares during the period. Dalton Greiner Hartman Maher & Co. raised its holdings in Brandywine Realty Trust by 6.6% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 1,859,129 shares of the real estate investment trust’s stock valued at $29,226,000 after buying an additional 115,491 shares during the period. Fox Run Management L.L.C. purchased a new position in Brandywine Realty Trust in the third quarter valued at approximately $184,000. Northern Trust Corp raised its holdings in Brandywine Realty Trust by 8.1% in the second quarter. Northern Trust Corp now owns 2,247,189 shares of the real estate investment trust’s stock valued at $37,933,000 after buying an additional 167,881 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Brandywine Realty Trust by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 1,241,959 shares of the real estate investment trust’s stock valued at $20,964,000 after acquiring an additional 20,810 shares in the last quarter.

Brandywine Realty Trust Company Profile (NYSE:BDN)

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 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.

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