Brandywine Realty Trust (NYSE:BDN) Rating Increased to Buy at Argus

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Argus upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a buy rating in a research report sent to investors on Monday, Briefing.com Automated Import reports. The brokerage currently has $17.00 price objective on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on BDN. ValuEngine downgraded shares of WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Zacks Investment Research downgraded shares of First Merchants from a hold rating to a sell rating in a research report on Monday, July 1st. Finally, Bank of America upped their price target on shares of Armstrong World Industries from $95.00 to $108.00 and gave the stock a buy rating in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $16.42.

BDN opened at $14.61 on Monday. The stock has a 50-day moving average price of $14.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19. Brandywine Realty Trust has a twelve month low of $12.32 and a twelve month high of $17.06. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 3.94 and a beta of 0.94.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.31). The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $140.73 million. Brandywine Realty Trust had a return on equity of 5.30% and a net margin of 17.40%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. As a group, sell-side analysts predict that Brandywine Realty Trust will post 1.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.76 annualized dividend and a yield of 5.20%. Brandywine Realty Trust’s dividend payout ratio (DPR) is 55.47%.

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

Institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in Brandywine Realty Trust by 95.9% during the 1st quarter. Quadrant Capital Group LLC now owns 8,688 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 4,254 shares during the period. Hancock Whitney Corp acquired a new position in Brandywine Realty Trust during the 4th quarter valued at about $134,000. First Hawaiian Bank lifted its position in Brandywine Realty Trust by 29.4% during the 1st quarter. First Hawaiian Bank now owns 10,840 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 2,460 shares during the period. Pearl River Capital LLC lifted its position in Brandywine Realty Trust by 391.3% during the 1st quarter. Pearl River Capital LLC now owns 11,334 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 9,027 shares during the period. Finally, First Mercantile Trust Co. acquired a new position in Brandywine Realty Trust during the 1st quarter valued at about $193,000. Institutional investors own 97.92% of the company’s stock.

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

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Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

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