Brandywine Realty Trust (NYSE:BDN) Stock Rating Lowered by Zacks Investment Research

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Brandywine Realty Trust (NYSE:BDN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

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. “

Separately, Bank of America downgraded Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $16.50 to $15.50 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.30.

Shares of BDN opened at $15.24 on Tuesday. Brandywine Realty Trust has a 52-week low of $12.32 and a 52-week high of $17.23. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 4.17 and a beta of 1.05.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.31). Brandywine Realty Trust had a net margin of 17.40% and a return on equity of 5.30%. The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $140.73 million. During the same period last year, the firm posted $0.32 earnings per share. Brandywine Realty Trust’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts predict that Brandywine Realty Trust will post 1.42 earnings per share for the current year.

In other news, Director James C. Diggs sold 3,700 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $14.84, for a total transaction of $54,908.00. Following the completion of the sale, the director now owns 36,034 shares in the company, valued at $534,744.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tom Wirth sold 9,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $15.30, for a total value of $148,410.00. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in Brandywine Realty Trust during the fourth quarter worth $30,000. Bremer Trust National Association bought a new stake in Brandywine Realty Trust during the fourth quarter worth $36,000. Tyers Asset Management LLC bought a new stake in Brandywine Realty Trust during the first quarter worth $50,000. Coastal Investment Advisors Inc. bought a new stake in Brandywine Realty Trust during the first quarter worth $64,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Brandywine Realty Trust during the fourth quarter worth $67,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.

Read More: How to find the components of the quick ratio

Get a free copy of the Zacks research report on Brandywine Realty Trust (BDN)

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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.

Brandywine Realty Trust (NYSE:BDN) Stock Rating Lowered by Zacks Investment Research

Share on StockTwits

Brandywine Realty Trust (NYSE:BDN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

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. “

Separately, Bank of America downgraded Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $16.50 to $15.50 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.30.

Shares of BDN opened at $15.24 on Tuesday. Brandywine Realty Trust has a 52-week low of $12.32 and a 52-week high of $17.23. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 4.17 and a beta of 1.05.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.31). Brandywine Realty Trust had a net margin of 17.40% and a return on equity of 5.30%. The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $140.73 million. During the same period last year, the firm posted $0.32 earnings per share. Brandywine Realty Trust’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts predict that Brandywine Realty Trust will post 1.42 earnings per share for the current year.

In other news, Director James C. Diggs sold 3,700 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $14.84, for a total transaction of $54,908.00. Following the completion of the sale, the director now owns 36,034 shares in the company, valued at $534,744.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tom Wirth sold 9,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $15.30, for a total value of $148,410.00. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in Brandywine Realty Trust during the fourth quarter worth $30,000. Bremer Trust National Association bought a new stake in Brandywine Realty Trust during the fourth quarter worth $36,000. Tyers Asset Management LLC bought a new stake in Brandywine Realty Trust during the first quarter worth $50,000. Coastal Investment Advisors Inc. bought a new stake in Brandywine Realty Trust during the first quarter worth $64,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Brandywine Realty Trust during the fourth quarter worth $67,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.

Read More: How to find the components of the quick ratio

Get a free copy of the Zacks research report on Brandywine Realty Trust (BDN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.